The foundation of economies all over the world has always rested on capitalism, socialist or communism forms. Either option, adopted by government is based on the needs of the people and the economic focus of the countries government. Developing economies have preferred capitalism as a way to organize their economy. Western nations have adopted capitalism which has enabled them to create wealth. In his book Mystery of Capital, Hernando De Soto summarizes years of research into the reality of economic life in countries as disparate as Haiti, Egypt, the Philippines, and his native Peru. Following his research, he arrived at certain conclusions that have caused the failure of economies outside of the West. De Soto fundamentally argues that the
