Hernando De Soto - Capitalism at Crossroads

"Capitalism can be the engine by which the poor, set free in an open marketplace, can raise themselves from poverty. We must give them the tools. We ignore them at our peril." (Hernando de Soto)

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Nonprofits & Activism

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• capitalism
• crossroads
• developing
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[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.

[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.

[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]

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

[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]

I'm Peruvian,

This men should be a Ministry here in Perú.

Humala needs him.

[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.

[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.

[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.