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