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The Whoops! Theory of PovertyReview of Hernando de Soto's The Mystery of Capital - Why Capitalism Triumphs in the West and Fails Everywhere Else.
Fred Harrison, Geophilos, Number 1, Autumn, 2000
If de Soto does have a theory of poverty, it would read like this: We forgot to put in place an efficient legal system for real estate, so - whoops! - people are prevented from achieving their full potential because they cannot exploit the wealth that they create beneath their feet.
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