Why Capitalism Triumphs in the West and Fails Everywhere Else
Why does capitalism triumph in the West but fail almost everywhere else? Elegantly and with clarity, this book revolutionises our understanding of what capital is and why it has failed to benefit four-fifths of mankind. It shows how developing countries have everything they need for successful capitalism - except capital. Yet, more dramatically, the book shows that they do have immense assets; what they lack is the power to turn them into liquid capital.
This problem is the mystery of capitalism. This book shows, radically but convincingly, how it might be solved and how, therefore, global poverty can be effectively transformed.
