Friday, October 31, 2008

New Orleans Goes Third World

Earlier this month 20/20 ran a "Politically Incorrect Guide to Politics." This segment stood out:

Students of my class (or those familiar with Hernando de Soto's Mystery of Capital) should see the parallels. He discovered that the reason developing countries have trouble growing is because of a stifling bureaucracy preventing people from establishing legitimate businesses and securing property.

1 comment:

cuprite said...

I watched that same special, and some parts of it were incredibly frustrating to see. I disagree however that no candidate can change the situation. (Perhaps not a national candidate but we'll see.)