This is the happiest article I have seen in a long time.
It makes me think of Hernando de Soto Polar and the ILD.
"Between 1988 and 1995, he and the Institute for Liberty and Democracy (ILD) were mainly responsible for some four hundred initiatives, laws, and regulations that led to significant changes in Peru's economic system.[4]
In particular, ILD designed the administrative reform of Peru's property system which has given titles to an estimated 1.2 million families and helped some 380,000 firms, which previously operated in the black market, to enter the formal economy.[5]"
I have just read his excellent "The mistery of Capital", and highly recommend it.
In short, it's about how a reliable property system allows people to use the non-physical value of their properties (the "economic" value in his words, or "meta" in my mind) to borrow money and fuel entrepreneurship. Very common in the developed world, quite unreliable and uncommon in the developing world.
This is a fantastic project - one of those perfect intersections of new technology and political need.
A peruvian I know discussed the De Soto experiment and it was clear that whole land reform is important, there is a raft of political issues - but things like this may move the political equilibrium in the right direction.
4 comments
[ 0.18 ms ] story [ 17.3 ms ] threadIt makes me think of Hernando de Soto Polar and the ILD.
"Between 1988 and 1995, he and the Institute for Liberty and Democracy (ILD) were mainly responsible for some four hundred initiatives, laws, and regulations that led to significant changes in Peru's economic system.[4]
In particular, ILD designed the administrative reform of Peru's property system which has given titles to an estimated 1.2 million families and helped some 380,000 firms, which previously operated in the black market, to enter the formal economy.[5]"
See: https://en.wikipedia.org/wiki/Hernando_de_Soto_Polar
In short, it's about how a reliable property system allows people to use the non-physical value of their properties (the "economic" value in his words, or "meta" in my mind) to borrow money and fuel entrepreneurship. Very common in the developed world, quite unreliable and uncommon in the developing world.
A peruvian I know discussed the De Soto experiment and it was clear that whole land reform is important, there is a raft of political issues - but things like this may move the political equilibrium in the right direction.
Still great project.