Umair Haque / Bubblegeneration
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Design principles for 21st century companies, markets, and economies. Foreword by Gary Hamel. Coming January 4th. Pre-order at Amazon.

Sunday, November 21, 2004

Macroeconomics : solving world hunger and poverty

CULTURE CLASH: A Talk with Hernando De Soto

De Soto is just brilliant. His analysis of the root cause of poverty being lack of predictable legal infrastrucutre is right on. This is a key point that many people miss : it's not so much democracy as a predictable and efficient infrastructure to protect & enforce property rights that is key to wealth creation in a free market system. Case in point : Singapore has done a much better job of creating wealth than Latin American democracies or India or Bangladesh.

-- Mahashunyam // 8:52 PM // 1 comments


Nice post.
// Blogger umair // 6:54 PM

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