Wed, 2 October 2019
1294: The Mystery of Capital, Why Capitalism Triumphs in the West & Fails Everywhere Else by Hernando De Soto
Jason Hartman wants to remind everyone to slow down and notice the things around you in life. Before getting to the main interview, Jason reflects on a country song he almost didn't listen to this morning and how it made him do a little introspection.
Then Jason talks with Hernando De Soto, founder and President of the Institute for Liberty and Democracy and author of The Mystery of Capital:, about the elements of capitalism that are most important and how property rights are absolutely essential. They also discuss the growing sentiment toward socialism in the United States and what impact that could have.
[6:12] Jason's lesson from a country song
[9:42] There will be an offering for tickets to the property tour on Friday before Profits in Paradise if you can only make that
Hernando de Soto Interview:
[12:56] The 5 mysteries of capital
[17:35] Capitalism is one of the few (if not only) systems that gives the lower classes a chance against the rich
[23:37] What we do as capitalists does not translate to what we do in politics
[28:11] The issue of equal opportunity for capital has to be addressed for capitalism to regain its popularity