Friday, December 10, 2010

Why do people remain poor?
As de Soto [president of the Institute for Liberty and Democracy in Peru] explained: "These pictures show that roughly 4 billion people in the world actually build their homes and own their businesses outside the legal system. ... Because of the lack of rule of law (and) the definition of who owns what, and because they don't have addresses, they can't get credit (for investment loans)."
Copyright © Swing Right Rudie
A notebook to myself