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  • How Bitcoin Will End World Poverty- Interview

    SINGER: Okay. The Institute for Liberty and Democracy in Peru, I really think Hernando de Soto should win the Nobel prize for the work he’s done. I hope he does. But he’s going around the world and identified one of the most powerful things to the economy and the creation of wealth. And that is the ownership of property. FORBES: Which you can then use as collateral.  Read More
  • Why Thomas Piketty is wrong about capital in the 21st century

    Thomas Piketty’s book Capital In The Twenty-First Century has attracted worldwide attention, not because he crusades against inequality –many of us do that– but because of its central thesis, based on his reading of the 19th and 20th centuries, that capital “mechanically produces arbitrary, unsustainable inequalities”, inevitably leading the world to misery, violence and wars and will continue to do so in this century. Read More
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ILD in the News

There is good news for the world’s venture capitalists and poor alike – a new blockchain advocacy group, the Global Blockchain Business Council (GBBC), was launched at the 2017 World Economic Forum late last week. Announced in Davos, Switzerland, the council will serve as a resource center, providing a forum for education, collaboration and partnerships with business and government. Originally developed for cryptocurrencies such as Bitcoin, blockchain is a remarkable open-source software that records transactions chronologically and publicly.

At the Blockchain Summit, the renowned economist Hernando de Soto presented his plan to help citizens title their property, such as land and automobiles, through blockchain. If such systems were introduced worldwide, de Soto predicts they would help bring $20 trillion of what he calls “dead capital” into the world economy and lift millions out of poverty. Already there have been some first steps: in October, the Crown Prince of Dubai announced a project that would see all government documents secured on a blockchain by 2020.

The country of Georgia will introduce Blockchain technology in 2017 to enable citizens store and receive real estate extracts according to a report in Caucasus Business Week. Minister of Justice Tea Tsulukiani told the Business Contract.

Hernando de Soto se reunió con 2,000 dirigentes de los Comités de Autodefensa (CADs) del Perú en Huanta-Ayacucho durante la tercera semana de diciembre. El economista sostuvo que, mientras el terrorismo tiñe de sangre al mundo, en nuestro país vivimos en paz gracias a los CADs, quienes fueron los verdaderos artífices de la derrota del terrorismo en el Perú. De Soto sostuvo que una gran solución a la problemática de la delincuencia consistiría en integrarlos a la formalidad, ya que podrían ayudar a resolver los conflictos sociales y a combatir la delincuencia. Veamos más detalles de esta importante reunión.

Formed by The Bitfury Group in collaboration with Covington - Major Launch Event Will Bring Together Global Leaders and Innovators:

SAN FRANCISCO, CA – January 4, 2017 – The Bitfury Group, the leading global full-service Blockchain technology company, announced today that in collaboration with international lawfirm Covington, it is launching the first ever Global Blockchain Business Council (GBBC) around the World Economic Forum 2017 Annual Meeting in Davos, Switzerland this January.

"Forget the details, all the facts that are needed to be able to see what belongs to whom, and have the degree of certainty that you need to make transactions in a market economy remain to be done," said Hernando de Soto, an economist from Peru who has researched property rights and their relationship to economic development.

In the 14th edition of the World Bank's Doing Business report, ILDs Hernando de Soto was recognized for his influential work that led to the formulation of the annual report. The 2017 edition of the report includes a writeup in the forward section talking about De Soto's initial research in Peru, where he opened a small garent business. Here is an abstract:

Hernando de Soto, of the Instituto Libertad y Democracia, in Peru, whose offices were bombed twice, and the late Ljubo Sirc (1920-2016), working with the resistance in most Soviet satellites, are prime examples. De Soto has been particularly active in showing how market incentives, implemented from the bottom up, but facilitated by regulatory simplification, helped win the war against terrorists in Peru. He recommends similar policies in Colombia and the Middle East.

-La Universidad San Ignacio de Loyola se enorgullece de contar con las más destacadas personalidades de Latinoamérica como miembros de su Consejo Consultivo Internacional, quienes figuran en el informe especial de “Los 150 hombres y mujeres más influyentes de América Latina”, publicado en la edición de noviembre de la revista América Economía.

Hernando De Soto, the greatest proponent of physical property rights, stated in the report that property rights are crucial in establishing a climate conducive to economic prosperity and freedom within a country.

Como en los tiempos de Adam Smith, el Estado favorece a algunas corporaciones a través de regulaciones, impuestos, subsidios y licencias.Para los que no somos estadounidenses resulta a veces difícil entender a Donald Trump porque habla y escribe en lo que el filósofo británico Bertrand Russell llamaba “manchitas de color”: microconceptos que tienen que ser armados como un rompecabezas para con ellos formar una visión de conjunto coherente e inteligible.

It’s now a cliché to say that capitalism is in crisis, and after that not much more of value gets said – just lots of hand-wringing and head-shaking about inequality, stakeholders, the 1%, and social responsibility. So it was refreshing to hear original thinking on the issue from two of the smartest people I know, the Peruvian author and researcher Hernando de Soto and former Treasury Secretary and Harvard president Larry Summers.

For us non-Americans it is sometimes hard to understand Donald Trump because he speaks and writes in what the British philosopher Bertrand Russell called “little patches of color”—micro-facts that must be pieced together to form a meaningful picture.

La victoria de Donald Trump no es del todo negativa, al menos para el Perú, explica el economista. “El país tiene una oportunidad única si sabemos mirar hacia nuestra reciente historia de éxito”, señala. Estas son sus razones. El economista peruano Hernando de Soto explica por qué la victoria de Donald Trump en las elecciones presidenciales de Estados Unidos podría tener implicancias positivas para el Perú.

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