“The source of capital is property rights”

That’s what Peruvian economist Hernando de Soto says in this BBC documentary on how giving poor people the titles to their “illegal” property helps in the reduction of poverty. Watch it.

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  • lettrist  On June 28, 2009 at 9:45 am

    The equivalent of ‘the source of capitalism is private property’?

    • Aristotle The Geek  On June 28, 2009 at 1:31 pm

      You could say that. Laissez-faire capitalism is an economic system wherein the State doesn’t interfere in the market, and people have the right to property. If they do not have such a right, then they are at the mercy of those who rule in the name of God, or society, or whatever.

      Robert Guest of the Economist too follows the de Soto idea in this piece on Africa.

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