Rethinking de Soto in Rio de Janeiro

Opinion, by Matias A. Sueldo
RIO DE JANEIRO, BRAZIL - Facing the World Cup in 2014 and the Summer Olympics in 2016, Brazilian authorities are rushing to deal with the country’s many illegal housing settlements, known locally as favelas.  Nowhere is this more evident than in the Marvelous City of Rio de Janeiro, where authorities and civil society inspired by the Peruvian economist Hernando de Soto have recently made a renewed push for full ownership titling in Rio’s favelas. 
Unfortunately, their well-intentioned efforts are wasting taxpayer money by driving gentrification and ultimately the atomization of these long-established . . .

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