This book gave an interesting point on view for why capitalism struggles in other nations. de Soto gives explanations as to why capitalism struggles in the east. He describes how the lack of establishment leaves these third world countries in a state that is unsuitable for for capitalism to thrive and prosper. He states that these nations lack a crucial part to the structure of capitalism, capital. This is the overlying point he makes in his book. Along with other theory such as the fact that Americans do not fully understand how our capitalist system came to be and why it worked so well in the begging. With out this information it is difficult for other nation to follow our lead with a thriving capitalist economy.
De Soto's book is not only very interesting but very factual. He gives reasons and answers for many of the more difficult questions people have on the economy. He describes the causes and effects our economy has had on others, and the effects that previous leaders and the economy they have created will have on the future economy of those nations. This book gives a raw truth to some of the greater mysteries of capital.
- Helen of Troy
I too read about how capitlism prospers in America, yet not in other countries and was amazed about how unpopular it is in other nations.
ReplyDelete---Voltaire.
thank you voltaire thats very interesting!
ReplyDelete-Helen of Troy
Did DeSoto make any comments about slavery? It seems to me that slavery may have allowed for the accumulation of capital in the West. When other nations try to develop without slavery, they may not be able to develop as quickly. Did that come up at all?
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