Along the lines of this thesis, Hernando de Soto wrote The Mystery of Capital which outlines this policy of establishing property rights among the lower and middle classes rather than just the rich as a necessary policy to stimulate growth, as property rights enable the holders to make bigger investments in capital.
He argues that one reason South Korea did so well after the war was that the US adopted enlightened economic policies with regards to property rights.
He argues that one reason South Korea did so well after the war was that the US adopted enlightened economic policies with regards to property rights.