Tag: capital

How the West Was Lost, Fifty Years of Economic Folly – And the Stark Choices Ahead

How the West Was Lost, Fifty Years of Economic Folly – And the Stark Choices Ahead; Dambisa Moyo   “once an idea is out it can be used and improved upon by anyone, anywhere, an idea has a marginal cost of zero”   This quote is referring to the spinoffs from the magnificent technology that enabled the Apollo moon landing in July 1969. I was a vagabond watching it on

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The Mystery of Capital

The Mystery of Capital, Why Capitalism Triumphs in the West and Fails Everywhere Else Hermando DeSoto, Basic Books, 2000 Reviewed by Graham Mulligan Capital is an abstract concept representing the potential to create something else. DeSoto and his team examined developing and former communist countries to try and understand why capitalism doesn’t have more than foothold there. In each of these countries there is economic activity and urban expansion but

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