
Why does capitalism fail outside the West? De Soto's revolutionary bestseller - translated into 20+ languages - reveals the hidden power of property rights. Bill Clinton called him "the world's most important living economist" for unlocking how the poor could generate $9.3 trillion in untapped capital.
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Here's a fact that might reshape everything you thought you knew about global poverty: the world's poorest people collectively own assets worth over $9.3 trillion-twice the entire U.S. money supply, nearly equal to the value of all companies listed on the world's top twenty stock exchanges. Yet they remain poor. How is this possible? The answer lies in what happens when wealth exists but cannot be used as wealth-when a house worth $100,000 might as well be worth nothing because it cannot secure a loan, cannot be sold beyond your immediate neighborhood, cannot be leveraged to start a business. This is "dead capital," and understanding why it exists reveals the hidden architecture that makes Western prosperity possible while leaving billions behind.
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Criado por ex-alunos da Universidade de Columbia em San Francisco
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Criado por ex-alunos da Universidade de Columbia em San Francisco

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