Institute of liberty and democracy
Above: Hernando de Soto (center) and Fujimori discuss documents and De Soto's idea for property rights. Source: De Soto, Hernando. The Other Path. 1989. Below: ILD Logo. Source: www.ild.org
De Soto founded the ILD or the Institute of Liberty and Democracy in 1981. His ILD researchers documented critical data on extra legal activity in Peru and other nations. The resulting statistics were powerful and were used to support passing legal reforms that would benefit the people, such as the critical Property Registry Law of 1988. This law established legal titles for over one million extra legal property parcels in eight communities.
In this video, de Soto describes how the ILD visited the poorest sections of towns and cities to understand how the economy works so they can figure out a way to include them in the mainstream.
Source: The Power of the Poor. Video by Hernando De Soto Polar, Free to Choose Network.
Above: Hernando de Soto (back center) walks to the front of the table to have a conference with the rest of the ILD board members. Source: "The Power of the Poor", Free to Choose Network