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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So far, Western countries have been happy to take their system for producing capital entirely for granted and to leave its history undocumented. That history must be recovered. This book is an effort to reopen the exploration of the source of capital and thus explain how to correct the economic failures of poor countries. These failures have nothing to do with deficiencies in cultural or genetic heritage. Would anyone suggest æculturalÆ commonalities between Latin Americans and Russians Yet in the last decade, ever since...

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