"The Peruvian economist Hernando de Soto, in his book The Mystery of Capital, shows how poor people can convert 'dead capital' into 'living capital' to improve their lives. Lack of capital is not inevitable. We in Africa have so much capital, but most of it cannot be put to use to improve our lives. It’s 'dead.' We need to improve our property rights to make our abundant capital the 'living capital' that generates life. We need property, that is, we need our rights to be respected. We need equality before the law. We need free-market capitalism." — June Arunga, Kenyan-born libertarian entrepreneur in Kenya
12/10 Quote Of The Day: What Africa Needs
