posted at wiki

DeSoto wants people who live on unregistered land in illegal housing, usually in slums, to have ownership rights to that land so they can borrow from banks. The problem is, when that happens, most of the holders then sell the land for needed cash. The result is that instead of helping the local people, we end up with a typical development project where the land is cleared and rebuilt. But the people wholived there have been further marginalized.

We need to face the fact that the current operation of capital is, on average, to concentrate wealth and increase poverty at the margins. As an Indian Economist I know has said "The international business community knows how to create wealth, but not how to distribute it." Dougcarmichael 02:24, 8 January 2007 (UTC)