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We will in fact look at the title to this room
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in a few minutes.
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The--de Soto's idea is that
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in an informal system of property
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which has not been integrated with
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a governmental system of property, people have capital,
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but it is dead in the sense that
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it can't be used for collateral against a loan,
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and if it is sold,
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there is no way to enforce the contract
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on the sale except mafia style,
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and mafia style often doesn't work out all that well.