Munk Debates: Hernando De Soto argues in favour of the motion (3 of 15)

[victormanueification]

First time I will agree with this right wing economist.

[PoEtALiGJeRo]

dividir la propiedad o individualizarla no es la forma de relacion de los pueblos indigenas, mas que todo por la necesidad que tienen estos de sus mercados de sobrevivencia, deberian volverse cooperativas en vez de un capitalismo individualizado

[CIAagent11]

If poor countries get capitalism, it's going to be good for everyone. They win because they get to compete for your money and leave poverty. You win because they are going to produce stuff that you can buy, which drives down the price of what you buy. Ergo the standard of living of everyone rises.

[PurpleLava]

@CIAagent11 The rich people in poor countries win. The poor people in poor countries ( the vast majority) will continue to get shafted. Only education can lift the masses out of poverty, because it empowers the individual.

[darwinroblesascarruz]

????????????

[Ryan18121]

Also, He's not talking about Africa at all. What has happened in Africa is quite different from the explitation that takes place in Latin America. I agree that maybe the colonial powers were the same, but the current political structure and development in Latin America has changed the face of it's economic arguments.  De Soto got off focus in a big way. I see where he was trying to go, but his property, Janus, colonial argument just doesn't work the same way for Africa.

[Ryan18121]

De Soto's focus on property rights has very little to do with Africa. Does he know what happened in Zimbabwe, for example, with Mugabe expropriating land back to the native peoples, where the land goes dead because, unfortunatly, those aboriginals of Zimbabwe don't have the knowhow to farm this land. This is one of the main problems with his property argument. Much of Africa's poorest have land, but they aren't able to make it viable. China will not help this. Aid will.

[KhanSlayer]

Aid to the farmers that don't know how to farm? Or perhaps they can sell the land to those that do? China is already putting people to work.

[EasyEs]

No they don't have land in the sense that they can use their land to gain more capital. In any legal sense that matters they have no land or title that gives them any way to be part of a legal economy as opposed to an extra legal economy that is cut off from most of the world.

Aid will not help that.

[keyse091]

aid will not, china will, zimbabwians have the know-how but have a hyena as a leader and hyprocrites as supporters, of course aid donors who keep him in position. You're argument is to feel cocky because you provide aid or your govt does!

[nabillion]

@Ryan18121 its about property rights. most might have land, but they don't have that piece of paper that shows it's their land. And that's the problem with poverty. Money comes from property law, and without property you don't have security - which can and will result to poverty, war etc.

[pablory22]

@Ryan18121 What they need to do then is get together in the form of a "union", what the Aboriginal peoples of Canada have done. The debate was on aid to developing nations in general, and not exclusively on aid to Africa. They mostly focused on Africa thanks to Dambisa though. De Soto's point is interesting and it could work if land was marketable.

[pablory22]

@Ryan18121 What they need to do then is get together in the form of a "union", what the Aboriginal peoples of Canada have done. The debate was on aid to developing nations in general, and not exclusively on aid to Africa. They mostly focused on Africa thanks to Dambisa though. De Soto's point is interesting and it could work if land was marketable.

[guillermoarenas]

De Soto is retarded. He makes no sense and links everything to property rights. And to say that conflicts between peruvians are created by the two-face aid bureaucracy is plain stupid

[keyse091]

If there is any retard on earth, it should be you!

[lysscatherine]

Hernando de Soto is really on point

[mustangrun173]

NAFTA is retarted

[Craigvadams]

Aid is only possible because of Capitalism; about 75%-85% of Canadian trade is with the United States, and Canada is the United States' largest trading partner - THE CANADIANS PUSHED FOR NAFTA!