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| | Hoover Institution - Uncommon Knowledge - CULTURE CLASH: A Talk with Hernando De Soto |
 | | Hernando De Soto is founder and President of the Institute for Liberty and Democracy in Lima, Peru. |
 | | Hernando De Soto: …Then what happens, seeing the advantage of the Anglo-Saxon countries, is that all the other countries, the Roman Law countries, like mine, had to re-engineer their law, and in effect Germany followed, and France followed, and Switzerland followed in that re-engineer. |
 | | Hernando De Soto: In other words, for example, what you paid in bribes, if you were in the extra-legal sector, was nearly as high as the tax, so we didn't have to touch the tax, we just touched the cost of doing things. |
| www.hoover.org /publications/uk/2995496.html (4224 words) |
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