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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (22784)	9/19/2007 6:43:28 AM
From: elmatador	Read Replies (1) \| Respond to of 217576

AG plagiates De Soto (He) explained in his 1986 book The Other Path, these de facto owners were locked out of the formal, legal economy—and that was the root of the problem. "They have houses but not titles; crops but not deeds; businesses but not statutes of incorporation." Compare with what Greenspan wrote: Mr. Greenspan notes that despite three decades of reform, Chinese farmers still do not own the land they till. They can lease it and take their produce to market, a huge improvement over the days of Mao-era collective farms, but they cannot buy or sell it or use it as collateral to secure a loan. This handicap - a lack of access to capital - keeps hundreds of millions of peasants trapped in poverty on the farm while the urban middle-class thrives. "Granting legal title to peasant land could, with the stroke of the pen, substantially narrow the wealth gap between urban and rural residents," Mr. Greenspan writes. As it is, there are thousands of protests in China every year, many of them by peasants evicted from their land for urban expansion or factory construction. Thsi is plagiarism. In 1980 de Soto created the Institute for Liberty and Democracy. The more he and his fellow researchers at the ILD investigated, the more they realized that dealing with the Peruvian state to obtain legal recognition of one's assets was maddeningly difficult, if not impossible. Chinese cannot use it as collateral to secure a loan. Jesus, TJ! AG wants a couple of hundred million Chinese to go subprime! Hernando de Soto has truly revolutionized our understanding of the causes of wealth and poverty. While many scholars have pointed to and explained the importance of property rights to rising living standards, de Soto has asked the hard question of what it takes to get the state to recognize the property rights that function within the communities of the poor. Can they transform the mere physical "extralegal" control of assets into capital, a key to sustained economic development? cato.org May be a I shold buy AG's book to see which other ideas he has robbed.