Sunday, July 30, 2006

Unlocking the wealth of the "poor"

... or how to turn invisible social/cultural capital into visible private capital.

Tom Borrup makes a very incisive (IMHO) analysis of the book "The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else" by Hernando DeSoto (Basic Books, 2000, 276 pp.)

He cites for example (indirectly making reference to Nobel Laureate Ronald Coase) that: "…the value of things can be increased by reducing the costs of knowing them and transacting with them".

The internet has made this downright possible.

Contextual next steps: Go to pinoykultura and help unlock the wealth of pinoys. We may never pass this way again. Just a thought, among so many others ...

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