Hernando de Soto

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Recent Commentary

Renewing Indigenous Economies Policy Symposium

featuring Hernando de Soto
Tuesday, October 2, 2018

The Hoover Institution hosted "Renewing Indigenous Economies Policy Symposium" on Tuesday, October 2, 2018 from 12:00pm - 1:30pm EST.

CULTURE CLASH: A Talk with Hernando De Soto

with Hernando de Sotovia Uncommon Knowledge
Monday, April 22, 2002

In the West, capitalism reigns triumphant. Living standards, wealth, and technological development in the capitalist Western countries surpass anything seen before in human history. But why has capitalism so obviously failed in most developing countries? Why are some saying that capitalism is in a state of crisis today in the Third World? Does the success of capitalism depend on Western cultural values that simply don't translate to the Third World? Or can economic and political reforms, especially reform of property rights, enable developing countries to share the same fruits of capitalism and free enterprise that we enjoy in the West?