2. Reason 1: Dr. Amsutz spoke on capitalism which included changes of institutions and policies that helped with growth an development. In the past twenty years, more people have been brought out of poverty due to China, Hong Kong, etc adopted policies to divide people from the government. You have to generate wealth it is not created.
Reason 2: Government control for wealth creation to occur need a strong state to enforce laws, property laws, contracts, and policies. When you have a thriving economy, like Bill Gates, rich and poor people bought Microsoft products, which made him rich because they he created products people wanted. Government need to moderate the people who are left out of the success of enterprise and innervation. A need of power for the poor through wealth creation. Government plays an important role. Taxes is not the issue. Key is to create wealth.
Reason 3: For capitalism to work, the foundation to thrive must have values that are conducive to enterprise. Therefore, it is important to nurture culture values in these countries.
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Reason 1: Dr. Hoksbergen spoke about Guatemala people from the outside would come in and work with the local system. There was significant poverty and significant wealth, which is the same as today. People that are empowered by their connections found ways to increase poverty even more for these individuals. There are racial ethnic issues due to not understanding the full legal system. They have taken away land from the indigenous people and used it to grow their products for export. Poverty rates are very high and has been a problem through Latin America. Even with significant growth, capitalism over the six years have been addressed with more government controls and