More DeSoto, Less Sachs
Austin Bay thinks economist Hernando DeSoto's ideas would be a big help in Iraq. He's not the first blogger to say that the ideas of the underappreciated DeSoto hold enormous potential for the world's underdeveloped and struggling economies. Come to think of it, given the paltry results of Hollywood-style initiatives that fund Jeff Sachs-type initiatives, we ought to giving DeSoto-style projects much more of a chance.
posted by Donny Baseball at 12:17 PM
1 Comments:
Actually, the solution to world poverty is very simple: adopt the US constitution in it's entirety. That's it. The trouble is, nobody wants to do exactly that. To me, poverty is a psychological and artificial phenomenon, an unnatural state created by the State (and is almost always on purpose more or less). DeSoto is fantastic, but the root of the problem is not a lack of solution, it's the execution.
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