Another, which Sir Samuel puts his finger on, is that efforts should be made to spread the ownership of capital.
Musa Sude Yalahow, a former driver who controls much of Mogadishu, says that a central government might be a good idea so long as it recognised his sub-clan's ownership of the capital.
On that foundation of ownership is built a huge edifice of capital that includes trillions of dollars in mortgage debt and real estate equity.
On that foundation of ownership is built a huge edifice of capital that includes trillions of dollars in mortgage debt and trillions in real estate equity.
The real benefits of home ownership are any capital appreciation, plus the imputed rent, minus the effective cost of the mortgage and property taxes, other costs, and the return you could earn on your down payment elsewhere.
Dubai's attractions are many: In addition to glitzy shopping malls, it boasts so-called "free zones, " which allow for 100% foreign ownership, 100% repatriation of capital and profits, exemption from corporate tax and no import duties.
The most influential work about the new slums, Peruvian economist Hernando de Soto's The Mystery of Capital, published in 2000, takes the ownership side of the debate, underscoring the limits of security of tenure.
But it's the infusion of capital, with the government taking an ownership stake in the banks, that's drawing most of the attention.
At a time when capital moves at the speed of light alongside job opportunities funded by capital, home ownership makes us immobile when we need to be the opposite.
Murky ownership titles retard economic progress and hinder the creation of capital.
But a recent exit of a short-term venture capital partner, and a significant share buy back by Kaspersky ownership means that the initial idea of listing shares has been shelved.
Hedge funds Taconic Capital Advisors and Perry Capital have a smaller presence, with ownership of almost 1.2% and about 1.1%, respectively.
Though the killings of nine people last October by a sniper in the suburbs of Washington, DC, led to calls for tougher gun laws, the Republican chairman of the Senate judiciary committee, Orrin Hatch, this month proposed a bill to overturn a ban on private ownership of handguns that has been in force in the American capital since 1976.
Successive Czech governments, anxious not to be seen as placing any obstacles in the way of the country's path to EU membership, have defended foreign newspaper ownership as a manifestation of the principle of the free movement of capital.
While the bill includes investment caps and guardrails to limit the downside to less sophisticated investors, the broader capital participation fostered is simply consistent with American ideals of ownership and engagement.
"Now that products like NAL are out, people can really see how they cut the total cost of ownership dramatically, " says Brian Legare, NT administrator for Lutherans Capital Management in Appleton, Wis.
But he ultimately followed through on a promise to legislators that he would sign such a measure, expending political capital in a state with a long tradition of gun ownership and libertarian leanings.
For example: Why is the U.S. government promoting the Brotherhood's effort to penetrate our capital markets via "shariah-compliant finance, " including its direct ownership of a huge player in that field, AIG?
Though home ownership was always vastly overrated, and is particularly problematic in a world of fast-moving capital, those who were wise amid the latest government induced mania will be forced to pay for the mistakes of the profligate.
You solve the problem of undercapitalization by you directly provide a capital stake to the banks in exchange for ownership, essentially what Warren Buffett did with Goldman Sachs.
But, perhaps to take some of the heat off, Khmelnytsky recently reduced his ownership to 10% from 25%, says Renaissance Capital, a Moscow investment bank, citing local sources.
"While the simplification in capital gains tax is welcome, the change seems inconsistent with the aims of wider share ownership and long term wealth creation, " says Ms Pickering.
BBC: There may be a rush of investors selling up before April
In both Europe and India, he points out, the state remains a big owner of enterprise, the capital markets have yet to supersede banks as a source of corporate finance, and share ownership is often concentrated in family hands.
However, profits began to rise, the company is now adding new restaurants, and 3G Capital was able to take Burger King public again last June after only 20 months of private ownership.
It attempts to minimize the subordinated risk by looking for borrowers that have conservative capital structures, generate a steady stream of cash and are run by experienced managers with big ownership stakes.
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