The Mystery of Capital - Chapter 1

An extract from Hernando de Soto''s revolutionary new book, The Mystery of Capital: why capitalism works in the West but fails everywhere else.
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But if people in countries making the transition to capitalism are not pitiful beggars, are not helplessly trapped in obsolete ways, and are not the uncritical prisoners of dysfunctional cultures, what is it that prevents capitalism from delivering to them the same wealth it has delivered to the West Why does capitalism thrive only in the West, as if enclosed in a bell jar

In this book I intend to demonstrate that the major stumbling block that keeps the rest of the world from...

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