Posted by
Silvio Canto, Jr. on Monday, August 20, 2007 8:59:31 AM
Peruvians have many reasons to be proud of their history. The Incas were a great people and left us many masterpieces. Today, Peru is another underachieving Latin American country with too many poor people and not enough property rights!
Peru is also the birthplace of Hernando de Soto---ILD, one of my favorite economists! Unfortunately, Peru's politicians have not listened to Mr. De Soto. Otherwise, their poor country would be a lot more prosperous.
A few days ago, Peru had a terrible earthquake. Like other underdeveloped countries, Peru lacks the resources and infrastructure to face this natural disaster. As Mr. de Soto has said, poverty and underdevelopment compound these tragedies!
--
Posted By canto talk to
MY VIEW by Silvio Canto, Jr.