The events of past few weeks has made the reading of this
interesting book draged for awhile but I finally finished reading it and I'm to happy to share my
thoughts on it.
This book is a must
read for anyone who is interested in property ownership and whoever is keen in ending poverty
chain. In a simple language it showcased how an average person can use their properties to generate further
wealth.
Mr. Hernando De Soto analyzed the problems associated with lands in the
third world, the solutions to end this from the part of government, the developed nations
and the citizens themselves.
He honestly described how many nations especially third
world like Nigeria can improve the lots of the poor by creating an enabling
environment and policies that will help them in upholding private properties.
He sincerely answered some of the critical questions on why
capitalism triumph in the west but failed almost everywhere, he wasn’t afraid to
draw our attention to the Peru’s land property situation (his home country).
This book contains seven incisive chapters which drew my attention to some of the things I never knew that could cause turmoil to peace and prosperity even in the developed world.
My memorable moments(issues) in the book
“Since the nineteenth century, nations have been copying the laws of the west t give citizens the institutional framework to produce wealth. They continue to copy such laws today, and, obviously, it doesn’t work. Most citizens still cannot use the law to convert their saving into capital. Why this is so and what is needed the law work remain a mystery” –page 13
Lesson learnt-don’t follow the trend apply your solutions to fix your peculiar issues”
