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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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In terms of the Church’s traditional teaching on serving and empowering the poor, Montanari concluded that facilitating access to private ownership, including its protection by the courts and rule of law, is a pivotal vehicle for uplifting impoverished nations. During the Vatican Radio interview he referenced a case study by Hernando De Soto which correlates Lima’s passage of more than 90 laws in the 1990s in favor of property rights.

By extending his compassion to those who lack property rights, Pope Francis has an opportunity to do very much for very many, writes Hernando de Soto. On February 17, Pope Francis is scheduled to celebrate Mass in Ciudad Juárez, Mexico, just south of the border with the US. He will surely take that opportunity to urge support for the poor in Mexico and for those who have migrated north.

LIMA – On February 17, Pope Francis is scheduled to celebrate Mass in Ciudad Juárez, Mexico, just south of the border with the United States. He will surely take that opportunity to urge support for the poor in Mexico and for those who have migrated north.

Another guest at Necker Island for the Branson shindig was Hernando De Soto, the economist and president of the Institute for Liberty and Democracy who Time Magazine described as one of the five leading Latin American innovators of the century.

Para que los mercados prosperen, y tal como sostuvo recientemente el economista peruano Hernando de Soto, los derechos a la propiedad privada deberán pasar a primer plano. No sólo son necesarios para el crecimiento económico, sino también para la estabilidad política a largo plazo en la región. Después de todo, el avasallamiento generalizado de los derechos de propiedad del ?hombre común? fue lo que contribuyó a impulsar la Primavera Árabe.

Han pasado 14 años desde que el presidente George W. Bush declaró una “guerra global contra el terrorismo”. Hoy, tras gastar 1,6 billones de dólares y matar a 101 cabecillas (desde Osama bin Laden hasta Jihadi John), Occidente sigue siendo tanto o más vulnerable a los extremistas, que pueden reclutar combatientes y golpear casi con total libertad cualquier capital occidental. Ahora otro presidente (el francés François Hollande) también declaró la guerra al terrorismo, como lo han hecho otros líderes europeos. ¿Estará la victoria más cerca? Yo tengo mis dudas.

But why not listen, instead, to what Hernando de Soto, the Peruvian economist author of The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else, has to say. In this article in the Independent last year, de Soto questioned Piketty’s fundamental anti-capitalism premise.

The two super economists Thomas Piketty and Hernando de Soto both agree that the capitalist system is flawed. But where Piketty thinks there is too much capitalism, de Soto thinks there is too little, which is the fundamental reason why millions of migrants right now are banging on the doors of Europe, writes Nils Elmark.

How long will it take the West to remember that democratic capitalism requires strong property rights to set clear boundaries beyond which the state may not go? Like the entropic universe and all open spaces, the global market is a turbulent place with little respect for life. All living systems, whether natural or organised by man, originate and operate only in encapsulated spaces.

For markets to flourish, and as the Peruvian economist Hernando de Soto has recently argued, private property rights will need to move center stage. Not only are they necessary for economic growth, they are also necessary for long-term political stability in the region. It was, after all, the widespread trampling of the property rights of the “common man” that helped to fuel the Arab Spring.

Es hora de considerar que la fuerza de nuestros oponentes deriva, al menos hasta cierto punto, de sentimientos similares a los que animaron la Guerra de Independencia de los Estados Unidos y la Revolución Francesa: de frustración y exclusión respecto del sistema predominante. 

Der "arabische Frühling" begann als Aufschrei gegen willkürliche Enteignung. Eigentumssicherheit für alle im Nahen Osten und gleichberechtigte Teilnahme am Weltmarkt würden den Terror besiegen helfen.

After all, the Arab Spring began when a poor Tunisian entrepreneur, Mohamed Bouazizi, set himself on fire in December 2010 to protest the merciless expropriation of his business. He committed suicide – as his brother Salem told me in an interview recorded for American public television – for “the right of the poor to buy and sell.”

End ‘anoikis’ in Middle East to win the war on terror 6   Wednesday, December 30, 2015Hernando de SotoHernando de Soto wonders how long it will take the West to remember that democratic capitalism requires strong property rights to set clear boundaries beyond which the state may not go? Without them, the situation in the Middle East will remain volatile for years to come

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