08 October 2009
Indigenous Capital ~ de Soto on Amazon Rights
Thanks to Paul Hudnut for spotting Peruvian economist Hernando de Soto's new video The Mystery Of Capital Among The Indigenous Peoples Of The Amazon... Ever since reading El Otro Sendero -- in English, The Other Path -- I've been impressed with de Soto's practical sensibility about the "informal" economy and the power of property rights. No wonder he won Cato's Friedman Prize for Advancing Liberty! And another point: seeing the challenges of and connections among the Native Americans in the video makes me remember the history of the Americas and how badly their ancestors were shafted by the imperialist Spanish and other colonizers. These rights issues need solutions now.
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