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.
This could lead to a big competition between the distributors because this can create the production to increase and the labor to increase, which well then increase the prices on the products. In fact, the capitalist economy can then produce its wealth on how long it takes the product to be produced. So, the something else that DeSoto argues is that they have a free market and not shutting down businesses that are capitalist can create the nation’s wealth. This consists on the prices and goods being priced at what the vendor or consumer decide upon their distribution. This creates a non-equal share, meaning that it could be a product that was made for a low cost, while it is being offered at a high price.