Peruvian economist Hernando de Soto has written about the importance of laws and clear title in capitalism. See this review of The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else.
Now de Soto has written an article about the importance of objective facts in making capitalist decisions - who owns what, what something is worth, etc...
de Soto fears we might be getting away from that. He might be right. Good thought piece.
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