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IPFS News Link • Economy - International

Hernando de Soto: How To Make the Third World Richer than the First

•, by Richard Morrison

In this week's video, our good friend Nick Gillespie interviews Peruvian economist and property rights activist Hernando de Soto about the future of prosperity in the developing world, and how legal reform can be the path to wealth for traditionally impoverished communities around the globe.

The video above starts with Nick's narration of how de Soto's idea first came to international prominence:

In the spring of 1989, Chinese students occupied Tiananmen Square, erected a replica of the Statue of Liberty, and called for democracy and individual rights. By the fall, people living in East Germany took hammers and chisels to the Berlin Wall, unleashing a wave of revolutions that ultimately led to the collapse of the Soviet Union. It was an auspicious year for human freedom.