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Reminds me of the book The Mystery of Capital by Hernando de Soto which was a look at how in many countries capitalism only exists for the rich while the poor,
by Symmetry 4y ago
Reminds me of the book The Mystery of Capital by Hernando de Soto which was a look at how in many countries capitalism only exists for the rich while the poor, without social connections and bribe money, don't have access to things like enforceable contracts, official property that could be used as collateral for loans, etc. One eye opening bit was when he had grad students in various countries try to register a new business without paying any bribes and he measured how many steps, days, forms, etc it took.
- Symmetry 4y agoI'd also say that while this is a major problem and ought to be fixed, streamlining the process from the perspective of the people applying is probably going to require both political will and spending more on city administration.