To: skinowski who wrote (108821 ) 2/23/2010 9:51:45 PM From: Hawkmoon 1 Recommendation Read Replies (2) | Respond to Let's just say that as a capitalist and a business owner you are interested in your rights being protected and respected. "The Roman arena was technically a level playing field. But on one side were the lions with all the weapons, and on the other the Christians with all the blood. That's not a level playing field. That's a slaughter. And so is putting people into the economy without equipping them with capital, while equipping a tiny handful of people with hundreds and thousands of times more than they can use." en.wikipedia.org kelsoinstitute.org The main message of de Soto's work and writings is that no nation can have a strong market economy as long as most of its people remain on the outside just looking in. "The existence of such massive exclusion generates two parallel economies, legal and extralegal. An elite minority enjoys the economic benefits of the law and globalization, while the majority of entrepreneurs are stuck in poverty, where their assets –adding up to more than US$ 10 trillion worldwide– languish as dead capital in the shadows of the law. To survive, to protect their assets, and to do as much business as possible, the extralegals create their own rules. But because these local arrangements are full of shortcomings and are not easily enforceable, the extralegals also create their own social, political and economic problems that affect the society at large. en.wikipedia.org my wife was a college student in the 60's... she read the post and thinks that she may have had the very same "old professor"... :)
