De Soto's 2003 'Listening to Barking Dogs'

An article by a development economist Hernando De Soto outlines the problem of "poor people who have struggled with the former communist countries and developing countries" (De Soto, 2003, page 179). De Soto (2003) argues that the main way to free the poor from poverty is to give them formal and legitimate property rights. Convert informal and illegal property and other small businesses and dead capital hidden by businesses to real time capital and use these assets as collateral or lend additional existing surplus Mortgage for

As Pern's economist Hernando de Soto said, you can travel around rural areas around the world, and even a dog knows ownership so you can hear the bark of the dog. Only the government of the state can understand property rights. Socialist countries just began to recognize the importance of private property in the privatization of assets and property in Eastern Europe. Lack of abundant natural resources can compensate the country for lack of effective incentives. For example, Russia is one of the richest countries in the world in terms of natural resources; it has the world's largest reserves of oil, natural gas, diamonds and gold. The valuable farmland, lakes, rivers, and streams span land including 11 time zones. But Russia is still poor. Natural resources are beneficial, but the ultimate resources of any country are infinite resources of their human resources.

An article by a development economist Hernando De Soto outlines the problem of "poor people who have struggled with the former communist countries and developing countries" (De Soto, 2003, page 179). De Soto (2003) argues that the main way to free the poor from poverty is to give them formal and legitimate property rights. Convert informal and illegal property and other small businesses and dead capital hidden by businesses to real time capital and use these assets as collateral or lend additional existing surplus Mortgage for

AirToken: Dead Capital was founded by Economist Hernandez DeSoto to explain why capitalism works well in the West but fails elsewhere. Hernando de Soto argues that poverty is coming from the lack of a reliable ledger system that allows owners of the dark economy to gain capital using property rights. "There are six fifths of the poor in the world, but 80% of the majority are poor enough to think Westerners think well" (De Soto, 15). Poor people possess property, but we can not draw additional value from these properties. Poor people own homes, crops and companies, but all of them are not certified, worthless, or not regulated by law. If this is triggered and legalized, how about creating legitimacy and capital? The essential nature of the block chains and smart contracts is the solution. It funds the underground economy of the world and solves the mystery of De Soto's capital.