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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

People's homes are most often their biggest asset -- something that can be borrowed against to start a business or secure a safe retirement. In the developing world, property titles take on even more meaning. Peruvian economist Hernando de Soto, for example, has identified trillions of dollars of "dead capital" in the developing world: people living in the world's poorest slums own their homes, but without formal titles they can't easily sell, appraise, insure or borrow against those assets.

What results when people don’t have firm legal title to their property, protected by the government? Hernando de Soto, a Peruvian economist, told us in his classic The Mystery of Capital: The impoverished Third World is the result.

Hernando de Soto and his 1989 book, “The Other Path: The Invisible Revolution in the Third World.” It has sparked numerous free-market reforms in his native country and throughout Latin America.

FIGAROVOX/TRIBUNE- La paix dans les pays arabes passe par le développement de la libre entreprise et d'une sécurité juridique, plaide l'économiste péruvien Hernando de Soto.

It has been 14 years since US president George W. Bush declared a “global war on terror”. Today, after spending $1.6 trillion on that war and killing 101 terrorist chieftains, from Osama bin Laden to “Jihadi John”, the West remains just as vulnerable, if not more so, to extremists who can recruit fighters and strike any Western capital virtually at will. Now that another president—François Hollande of France—has also declared war on terror (as have other European leaders), are the prospects for victory really any better? I have my doubts.

¿Qué ha causado entonces la informalidad en la que vivimos? Hernando de Soto, presidente del Instituto Libertad y Democracia (ILD) apunta a que son precisamente estas regulaciones y deficiencias en la titulación de la propiedad. El problema no sería el supuesto capitalismo sino la falta de este. ¿Cómo así?

Go to Google Maps and take a look at a township in South Africa, a slum in India or a favela in Brazil. The website will show you a few roads, surrounded by plenty of blank space. Now switch to satellite view, and you'll discover teeming cityscapes, bustling with life in unmapped houses and businesses, along hundreds of uncharted streets. Or check out Nairobi, Kenya, where you will see many roads, but the streets have no names.

Between 1990 and 2012, Peru’s middle class grew four times faster than the rest of Latin America’s. Why?  Because it is an emancipation movement that has been metamorphosing for half a century: From low-income classes to migrants, then to “informals,” the sector from which the new middle class has emerged as the engine of Peru’s impressive economic growth.

Al cierre del 2015, el primer medio digital en español: esglobal, ha publicado su lista anual de los 50 intelectuales iberoamericanos más influyentes, en la que figuran nombres que "están marcando líneas nuevas y diferentes en sus respectivas disciplinas", entre escritores, politólogos, periodistas, científicos, músicos, ecologistas y economistas.

Spanish-speaking area: While only a few Spaniards are among the most influential thought leaders in the Spanish-speaking area, South Americans, by contrast, occupy 15 of the top 20 places in this language area.

On December 15th 2015, ILD's Hernando de Soto conducted an interview in French on Algeria's Radio M. During the interview he spoke about the informal economy and the root causes of the Arab Spring.

Este año la lista de 50 intelectuales iberoamericanos de esglobal es probablemente más heterogénea que nunca. Hay algunos clásicos, desde luego. También hay nombres que serán desconocidos para parte de nuestros lectores, nombres que sin embargo están marcando líneas nuevas, y diferentes, en sus respectivas disciplinas.

A Peruvian economist, Hernando de Soto, made a study of Egyptian real estate in the late 1990s and early 2000s, and estimated that it took six to 14 years to register a dwelling on desert land bought from the state, and that registering one built on agricultural land bordered on the impossible.

Hernando de Soto, the Peruvian economist and anti poverty campaigner, estimates that five billion people live without adequate records. They face serious challenges in documenting their economic activities, their assets, even their existence. 

Until now, de Soto has depended on political persuasion to try to address this problem. But now he’s getting help from new technologies that could fast-track the creation of permanent registries and give people manifest power to execute their property rights. One of the most promising solutions arises from open-source software called the block chain that underlies digital currencies such as Bitcoin.

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