Tuesday, October 4, 2016

The new de soto has block chain

 "The central aspect of globalization is the careful documentation of the knowledge and legal tools needed to combine the property rights of seemingly useless single assets (electronic parts, legal rights to production, and so on) into complex wholes (an iPhone), and appropriate the surplus value they generate. Clear and accessible ledgers that faithfully describe not only who controls what and where, but also the rules governing potential combinations – of, say, collateral, components, producers, entrepreneurs, and legal and property rights – are vital for the system to function."

The problem is that five billion people around the world are not documented in national ledgers in anything approaching an organized manner. Instead, their entrepreneurial talents and legal rights to assets are recorded in hundreds of scattered records and rules systems throughout their countries, making them internationally inaccessible.
Under these conditions, it is impossible for the majority of humanity to participate effectively in their national economies, much less the global one. Without any means of participating in the process of producing high-value combinations, people have no chance of seizing some of the surplus value created.

So it is a lack of consolidated, documented knowledge – not free trade – that is fueling inequality worldwide. "
Block chain 
"transparent, secure, and decentralized online ledger "

Property rights must be formally recognized to be enforced

"3De Soto’s stated goal is to determine the roots of informal hostility against multinationals and identify what is needed to build a national social contract on extractive industries that could harmonize their property interests with those of multinationals as opposed to creating conflict
Information is liberation ?

Property prevents  theft ?

Can be countered by an ascertain of property rights 
Thru title establishment and recognition 

Lovingly quaint 

Madame Clio 

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" guys  named  himself after a conquistador ..how troll "