Hernando De Soto - Capitalism at Crossroads

[TheGlickman]

Excellent point. We ignore the poor at our on peril. Many American's are "charitable" by donating money...but that does little to no good. We need a permanent solution, and that permanent solution is to simplify government so anyone can jump in and be competitive. "Government is best which governs least" Jefferson.

[M4STURB4ND4]

I'm Peruvian,

This men should be a Ministry here in Perú.

Humala needs him.

[Venethian]

@M4STURB4ND4 No, él no lo necesita. No está en los planes de Humala introducir a los pobres en el mercado. Por eso Hernando eligio ayudar a Keiko y no al otro.

[M4STURB4ND4]

@Venethian si me acuerdoo... Keiko estudió con 1 000 000 de Soles del dinero del ESTADO, informate bien, yo soy un profesional ..

[tondero2100]

If you visit Justin Beaver's videos, he has 450,000,000 viewers. Hernando de Soto has less than 10,000. Can you see why the world is going in the wrong direction. "Inclusion" is a new world that wew hear nowadays a lot. That is the answer, visit the Peruvian videos and you will see the results of this brilliant Peruvian. Thank you Del Soto for your wonderful work. I am a Peruvian living in Canada and inspired by you I helped one of my familly member obtain her land title and now they livebetter

[tondero2100]

If you visit Justin Beaver's videos, he has 450,000,000 viewers. Hernando de Soto has less than 10,000. Can you see why the world is going in the wrong direction. "Inclusion" is a new world that wew hear nowadays a lot. That is the answer, visit the Peruvian videos and you will see the results of this brilliant Peruvian. Thank you Del Soto for your wonderful world. I am a Peruvian living in Canada and inspired by you I helped one of my familly member obtain her land title and now they livebetter

[SuperARANIBAR]

Dr De Soto escuche a Milano italy un programa radial "focus economia" su una disertaciòn internacional, donde Ud. entre sus puntos de vista indicaba que en una sociedad como el Perù urge necesario dar titulos de propiedad a los habitantes del lugar que ocupan, porque en base e este documento las bancas pueden erogar creditos y comenzar hacer andar una economia naciente, de esto totalmente de acuerdo condivido con Ud, por una cuestiòn de principios ., la tierra es propiedad del pueblo.

[usercanadian2007]

He is the next Peruvian who will win the Nobel Prize in Econmomics.

[ngogerty]

coolio showing how the new urban in the globe move into the cities and need better legal systems

[estimulatorloco]

This is the man. He is brilliant and he knows what is needed to be done to make things happens. Lets change until the world collapse. We need to include the poor.

[manolo4791]

I am a Peruvian living in Canada, and I wish I could tell you he is right and everythings is about changing economic regulations. The problem is much bigger. Social and etnical exclusion, besides other factors makes De Sotos ideas incomplete and even contradictory. If poor people get land titles and loans, they usually get ripped by an unfair system. De Soto says nothing about culture. I think he focuses too much on economy

[pablory22]

@manolo4791 He is an economist, so he will focus on the economic aspect of the issue. He is making a great point tho, I agree with you in that there are many other socio-cultural sub-problems that he hasn't addressed. De Soto's proposition is a good way to start this change though.

[MuleKist]

@pablory22 - I am not quite sure how I feel about the concept of "borders," though, anti-imperialist that I am. I have been puzzling over this for sometime. The Native American in me is saying that no one can "own" the land. I understand that owning and using are two different things, but MUST civilizations have clearly defined borders? Confused.

[Arjozof]

@MuleKist a state cannot own a land. A private owner can, and in fact, private property rules were established to mitigate conflicts over scarce land resources (like grass for sheep grazing) between private users of land. The principle to claim ownership is homesteading - first real user becomes the owner. He can then sell it to others, parcel it, transform it more (to increase productivity and value) and so on.

Without clearly established property rights, civilization is impossible.

[MuleKist]

@manolo4791 - I think that that is the whole point of his arguments.....that the sytem is unfair and needs to be changed.

[Arjozof]

@manolo4791 Less state = less unfairness. More market = more fairness. Less economic regulations = less unfairness and less arbitrarity. More clearly established property rights = more fairness, less conflict.

[Lavarock]

While most of the world would be improved by that sense of community, it's simply wrong to think that our current terrorism problem will be mitigated at all by inclusion. The whole reason these people are bombing the West is that we are trying to include the Middle East economically, and philosophically. It's the freedoms and opportunity that the West has been bringing to their countries that is setting off the fundamentalists. They see individualism and free thought as depravity.

[deLaughing1]

This is MUST-SEE TV for transforming the world from impoverished people who have no way to get out of the hole that they've been kept in...to an empowered force of business where they can flourish! I'm an investor in Kiva (ck it out on the web)...and have found it very rewarding way of personally reaching these tiny businesses in the making.

[83magrelo]

I hope one day this guy would be the president of peru

[tomdownes1]

Thank you for posting this. I hope that countries like Madagascar are able to learn from Peru's example (& listen to de Soto, of course).

[rodrox01]

Considered one of the best economist in the history Hernando de Soto from Peru.

[cesarlopezrojas]

Great video, the guy is brilliant. You wont get a lot of comment from english speakers because in the states greenspan is considered a genious and their form of capitalism the only one that works.

[mrluxuryyacht]

I beg to differ. Though I live in Canada, we get to watch the US from the front row, albeit protected by a thin film of cellophane, and we're watching Greenspan being quartered as we speak. He and the Gov in the last decade took down the country, and it's not coming back. I didn't think Capitalism could lead to Totalitarianism, but after the intermission I'll be heading back to my cushy seat to watch that transition (No, Canada ain't so innocent, BTW).

[cesarlopezrojas]

I apologize, apparently the anglosaxons and french that settled in Canada are a bit brighter. Anyway, Greenspan and his policies were praised for at least 15 years and the "american" way of life even longer.

Bankers and politicians (elected or appointed) are not exaclty apologizing, are they?

[mrluxuryyacht]

Apologize isn't how they work, mostly because they think theyre still right. Wait until the $ index falls to 40, and gold is $2000+. There'll be a revolution as the old guard tries to get things "back to normal" and the have-nothings realize the entire paradigm has changed. No apologizing then either, because they won't be around anymore to camouflage the BS. Get ready for 20+ years of half-mast momentum. Learn to live modestly. The party's over.

[cesarlopezrojas]

More or less I agree with you, but the old guard doesnt have a lot of weapons left except real military weapons so I'm not sure what they can do. I think it'll be up to the 3 Asian giants (China Japan and South Korea) to decide how slowly the decline will move. The dollar seems to have magically estabilized against the euro but the people that are manipulating currencies may stop doing it if the oil barrel shoots up over 100 bucks again.

may you live in interersting times

[MuleKist]

@cesarlopezrojas - Their foundations are crumbling and so many of US r so glad!

[Malthus0]

Hernando De Soto is one of the first people listened to by the mainstream to actually 'Get it'. It being the vital role of spontaneous institutions and the rule of law. Without a sold foundation of property rights, legal institutions there is no growth,or capitalism. Just elites who use the state to further their own interests.

Hayek got it but go bogged down by fighting Socialism and so became controversial to the left. Hopefully in the post communist world Soto can do what Hayek could not.

[shrapnel09333]

whoa....wait a minute.. this is really intelligent shit, seriously!.. wow why arnt there more comments, this is .. like the answer to life, im serious!.... i dont know whats going on here Soto... but i will find your true nature.

seriously though, wow... the poor are just the same as me, i always ignore 3rd world countries and thought their government just sucked and the people are not intelligent enough to advance, how wrong i was. my eyes are open wide now, weed helps too.

ill find you..

[headbanger667]

Why did you believe that people in the 3rd world are not enough intelligent? :s

[shrapnel09333]

WHOA! i commented my thing nine months ago! that so cool and for real this is a good video, i hope you enjoy it most lots of good times love you!

[DoWhatYouCanDo]

This seems a pretty good idea. Hope to watch it soon!