Property, Law = Prosperity
There’s no arguing that the United States is the most powerful and prosperous country in the world. So, asks investigative reporter John Stossel, why hasn’t the power to prosper spread to other nations. Hernando DeSoto, of the Institute for Liberty and Democracy, tells Stossel the answer lies in the rule of law and property rights. “The rules of the game have to say and recognize who really owns what,” DeSoto says. “Because how you relate to the assets you have determines how you relate to your neighbor and the rest of the world.” DeSoto explains in more detail in this edition of Liberty Pen.
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