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> The Mystery of Capital: Why Capitalism Triumphs in the West and Fails
> Everywhere Else -- by Hernando De Soto	
>
> Is something I'm reading now.
>
> My impression is that France is not anywhere near the "Permit Raj"
> nightmare that India is (and became).  Nor has its market been closed
> like India's has.
>
> But De Soto's work is perhaps just as important or more so.  He hasn't
> dealt specifically with India, but I recall examples from Peru,
> Philippines, and Egypt.  In Lima, his team took over a year (I think it
> was 2) working 8 hr days to legally register a 1 person company.  
> In the
> Philippines, getting legal title can take 20 years.  In Egypt, 
> about 80%
> of the population in Cairo lives in places where they are officially
> illegal.
>
> India hasn't been helped by its socialism.  Socialism has certainly
> helped strangle the country in permits.  But perhaps De Soto is right
> that the real crippling thing is keeping most of the people out of the
> legal, official property system.
>
> Putting most of the people in the property system was something 
> the west
> only finished about 100 years ago, or Japan did 50 years ago.  It 
> wasn't
> easy, but we live in a society that doesn't even remember we did it.
>
>
>> -----Original Message-----
>> From: fork-admin@xent.com [mailto:fork-admin@xent.com] On Behalf Of
> Robert
>> Harley
>> Sent: Tuesday, August 20, 2002 11:24 AM
>> To: fork@spamassassin.taint.org
>> Subject: Re: The Curse of India's Socialism
>>
>> RAH quoted:
>>> Indians are not poor because there are too many of them; they are
> poor
>>> because there are too many regulations and too much government
>> intervention
>>> -- even today, a decade after reforms were begun. India's greatest
>> problems
>>> arise from a political culture guided by socialist instincts on the
> one
>>> hand and an imbedded legal obligation on the other hand.
>>
>> Nice theory and all, but s/India/France/g and the statements hold just
>> as true, yet France is #12 in the UN's HDI ranking, not #124.
>>
>>
>>> Since all parties must stand for socialism, no party espouses
>>> classical liberalism
>>
>> I'm not convinced that that classical liberalism is a good solution
>> for countries in real difficulty.  See Joseph Stiglitz (Nobel for
>> Economics) on the FMI's failed remedies.  Of course googling on
>> "Stiglitz FMI" only brings up links in Spanish and French.  I guess
>> that variety of spin is non grata in many anglo circles.
>>
>>
>> R
>> http://xent.com/mailman/listinfo/fork
>
> http://xent.com/mailman/listinfo/fork

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