• youtube
  • twitter
  • google plus icon
  • facebook
  • logo linkedin
  • The 2017 Global Award for Entrepreneurship Research goes to Hernando de Soto

    The 2017 Global Award for Entrepreneurship Research goes to Hernando de Soto

    The Global Award for Entrepreneurship Research is the most prominent international award in entrepreneurship research with a price sum of EUR 100,000. De Soto’s analyses have had tremendous influence on policy throughout the world and were a main source of inspiration for the World Bank’s Doing Business program. Read More
  • 2017 Award Winner

    2017 Award Winner

    Hernando de Soto Peru  Institute for Liberty and Democracy For developing a new understanding of the institutions that underpin the informal economy as well as the role of property rights and entrepreneurship in converting the informal economy into the formal sector.   Read More
  • 1
  • 2

End ‘anoikis’ in Middle East to win the war on terror 6   Wednesday, December 30, 2015Hernando de SotoHernando de Soto wonders how long it will take the West to remember that democratic capitalism requires strong property rights to set clear boundaries beyond which the state may not go? Without them, the situation in the Middle East will remain volatile for years to come

 It’s been 14 years since US president George W. Bush declared a “global war on terror.”

Today, after spending $1.6trn (€1.46trn) on that war and killing 101 terrorist chieftains, from Osama bin Laden to ‘Jihadi John’, the West remains just as vulnerable, if not more so, to extremists who can recruit fighters and strike any Western capital virtually at will.

Now that another president — François Hollande of France — has also declared war on terror (as have other European leaders), are the prospects for victory really any better? I have my doubts.

It is time to consider that the strength of our opponents derives, at least to some degree, from sentiments similar to those that animated the American Revolutionary War and the French Revolution: Frustration with and alienation from the prevailing system.

In Britain’s American colonies before 1776, and throughout France in the years leading up to 1789, ordinary people became convinced that their lives, assets, and businesses had been subject for too long to the predations of arbitrary rulers. That same estrangement is felt nowadays in the Middle East and North Africa.

After all, the Arab Spring began when a poor Tunisian entrepreneur, Mohamed Bouazizi, set himself on fire in December 2010 to protest the merciless expropriation of his business.

He committed suicide — as his brother Salem told me in an interview recorded for American public television — for “the right of the poor to buy and sell”.


You can read the whole article on the Irish Examiner

Contact Us
P.O. Box 18-1420  
(511) 222-5566