Why a Book From 2000 Is the Best Argument for DeFi in 2026 | Trust Issues 011
Welcome to Trust Issues--
Book club. Alex, Emily, and Lindsay finally sit down with The Mystery of Capital by Hernando de Soto, and it turns into one of the best episodes yet.
The book's thesis: capitalism isn't missing from developing nations. Capital is. Billions of people hold assets, houses, businesses, land, but none of it is documented in a way that lets them leverage it. Dead capital. No title, no collateral, no access to markets. The West built its entire financial system on property rights as the foundation for capital formation. Most of the world never got that foundation.
Emily…
The skinny
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