Forbes Article on DeSoto

The Forbes has a great article about DeSoto's plan for providing extra legal businesses with titles and licenses.

Indeed. De Soto estimates that 4 billion poor people in the Third World and former communist nations hold, but don't legally own, real estate worth $9.3 trillion. That's 46 times the amount of all World Bank loans made over the past three decades. Without legal ownership, De Soto says, such assets are just dead capital. "These people have houses but not titles, crops but not deeds, and businesses but not statutes of incorporation," he says. "Without these essential representations, they have not been able to produce sufficient capital to make their domestic capitalism work." [Forbes]