Hernando De Soto has an editorial in the Wall Street Journal talking about property rights and the turmoil in Egypt.
Who is Hernando De Soto? He is an economist from Peru who heads up The Institute for Liberty and Democracy. He is an unusual economist in that he actually talks to people and he has talked to a lot of people in the 3rd world. His research has found that the 3rd world has wealth but is unable to use it for economic purposes because they lack property rights and the basic forms of identification that are taken for granted in the West. He is author of the widely acclaimed Mystery of Capital--a must read if one wants a good understanding of how and why most of the world struggles economically.
You can begin to understand Hernando De Soto's views by watching this YouTube:
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