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Pastimes : THE SLIGHTLY MODERATED BOXING RING
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To: marcos who wrote (9242)4/18/2002 10:27:33 AM
From: Tom Clarke  Read Replies (1) of 21057
 
'you find no freer enterprise than that naturally occurring between campesinos'

I don't think barter is viable anymore. The only guy I've read who has begun to shed light on why Latin America has such difficulty is Hernando de Soto. I admit I only read half of this. He's a hard read, at least for me.

In this, his classic book on the informal economy of Peru and the reasons why poverty can be a breeding ground for terrorists, Hernando De Soto describes the forces that keep people dependent on underground economies: the bureaucratic barriers to legal property ownership and the lack of legal structures that recognize and encourage ownership of assets. It is exactly these forces, de Soto argues, that prevent houses, land, and machines from functioning as capital does in the West--as assets that can be leveraged to create more capital.
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