During this luncheon meeting, Robert Neuwirth and Enrique Ghersi share their thoughts about informal economy in various countries. They talk about piracy, informal markets and taxation; and explain the lack of incentives for these merchants to get into the formal sector. As well, they share stories about extraordinary entrepreneurs who began their businesses in the informality and through time, they have grown up to be giant companies around the world. They also discuss the topic of regulations and the evolution of laws in order to live in a better society, withouth the intervention of the state.