Tuesday, May 15, 2007

How to make the US a 3rd World Country

Execupundit  points us to Common Goods' chart of the steps necessary to suspend a student in the NYC school district.

I was instantly reminded of Peruvian economist Hernando De Soto's illustrations in The Mystery of Capitalism. Inside he details the 77 procedures required at 31 agencies to buy a lot on state owned DESERT land in Egypt. Then there is the 168 steps and 13-25 year process in the Philippines to formalize an informal dwelling. Essentially, legally recognize a building you built illegally. 

De Soto's points were that these impediments to capitalism and liquidity HURT the 3rd world. I suspect this flowchart hurts a lot of students in NYC as well.

Someone remind me again, who is the small government candidate for president in 2008?

[This is just a snippet. you'll want to see the whole thing!]

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