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To: elmatador who wrote (11084)	11/11/2001 5:11:48 PM
From: Don Lloyd	Respond to of 74559

e - ...De Soto's idea is one of the reasons that I think can be implemented if countries like Argentina abdicate of their sovereignty and become part of Spain. As a ultramarine province.... Having recently finished reading De Soto's book, what you suggest probably wouldn't work. De Soto's primary thesis is that the existing extra-legal property arrangements need to be integrated into a new synthesized legal system. It's not a question of paradropping some sort of ideal legal system into the urban slums, but rather recognizing and activating the dead capital that already exists. A workable system needs to build on what already exists in order to provide any reason for the existing extra-legal participants to join a new legal property system. The existing arrangements have been a spontaneous emergence of order out of chaos and would consist of evolved variations not likely to be sufficiently compatible with any existing system. Regards, Don