Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...
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UPA to try 'de Soto model' for slum development by Saubhadro Chatterji
The day Kumari Selja assumed charge as the Union minister for housing and urban poverty alleviation in the second United Progressive Alliance government, she got an unusual gift: a set of two books from none other than Prime Minister Manmohan Singh. The books, The Other Path and The Mystery of Capital, were by eminent Peruvian economist Hernando de Soto, hailed as the “poor man’s capitalist”for his work on the informal sector....
More »People-friendly growth by BG Verghese
The Supreme Court on May 7 ruled that natural resources were national assets that belonged to the people and were ideally exploited by public sector undertakings. This obviously implies that local communities, including tribals, living on mineralised land, enjoy entitlements but not prescriptive ownership rights to such national assets. This is an important reiterative clarification defining mineral rights in Fifth Schedule areas that are currently in contention. Whether PSUs should...
More »Title dispute
If you’ve ever bought land, chances are you have a Rolodex of ownership documents, and even that isn’t conclusive proof. The land registry is not sacrosanct; the sale deed — even if registered — isn’t endorsed by the government. If disputes break out, and they frequently do, there is no single ownership document. The only way to do that is to fight a lengthy court battle, spend cash on lawyers,...
More »Bianca Jagger, people’s rights advocate, interviewed by Shoma Chaudhury
How did your trip to Niyamgiri and Vedanta’s mining project there come about? I’ve been a human rights, social justice and environment protection advocate for the last 30 years. I am the founder and chair of the Bianca Jagger Human Rights Foundation. I also love India and have a long relationship with this country. Many people know this. This is why Action Aid approached me to meet Sitaram Kulisika, a tribal...
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