Summary Of Hernando Desoto

Hernando DeSoto argues that it’s necessary for a capitalist economy to produce wealth by “the force that raises the productivity of labor and creates the wealth of nation” (DeSoto pg.5). In this text he explains, to produce the wealth of a capitalist economy, the nation would have to be productive on the labor that is being produced. It is also referring on how the nation can be productive on how the actions of the labor is being done. This allows the capitalist economy to rise for the nation, which produces the wealth for people. This would be the argument that the capitalist economy would produce wealth, by the owners of companies; would have to compete against each other, in the market on who would produce the best product and at good prices.