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Hernando de Soto did exactly this work almost 2 decades ago. He documented how many steps and weeks it takes to register a property or start a business. His the
by haltingproblem 6y ago
Hernando de Soto did exactly this work almost 2 decades ago. He documented how many steps and weeks it takes to register a property or start a business. His thesis is that this cumbersome process limits capital formation in a business which then limits being able to leverage it via a loan and hence limits the size of small enterprises. The same goes for property since most small entrepreneurs use their home as collateral. This has locked up trillions in value which can be unlocked. His work is fascinating and was frequently mentioned for a Nobel.
[1] Why Capitalism Triumphs in the West and fails everywhere else
https://www.amazon.com/dp/B06XCFW5ZN/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 https://www.amazon.com/dp/B06XCFW5ZN/ref=dp-kindle-redirect?...
[2] Mystery of Capital Video:
https://www.youtube.com/watch?v=Nco18FWM85E https://www.youtube.com/watch?v=Nco18FWM85E
- rohan_shah 6y agoWow! Thanks for mentioning the work of Hernando de Soto. I had never heard of the work before but will surely read the book now.