For John, BLUF: Capitalism lifted mankind out of poverty, but now is seen by many as the problem. Nothing to see here; just move along.
Today Law Professor Gail Heriot noted, on InstaPundit:
ON THIS DAY IN 1539: Hernando de Soto claimed Florida for Spain. Then, 461 years later, he published the highly influential book—The Mystery of Capital: Why Capitalism Succeeds in the West and Fails Everywhere Else. No … wait … my mistake. That was a different Hernando de Soto. But that doesn’t mean that you shouldn’t read his book. It’s a classic.I've used that line myself, when pushing The Other Path: The Economic Answer to Terrorism.
Hernando de Soto, Peruvian Economist.
Hat tip to the InstaPundit.
Regards — Cliff