Hernando de Soto Explains It

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.

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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