The Mystery of Capital

Description

In this documentary, CBC News' Brian Stewart meets Hernando de Soto, an economist from Peru who became famous interpreting the destructiveness of shadow economies in the developing world. In his book, The Mystery of Capital, de Soto explains how an absence of property rights leads to poverty in developing countries. People who can't show ownership in anything are condemned to live in illegal shadow economies. The largest shadow economy of all was here in the West, in Wall Street and the banking system-in hundreds of trillions of dollars of unregulated financial transactions, which might yet cause massive banking collapse in the world?

Runtime

19 min

Subjects

Contributor

Genre

Date of Publication

[2014], c2009

Database

Films on Demand

Direct Link

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