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The engine behind Brazil's economy is commodities like oil, sugar and coffee. Prices for all of them have plummeted over the last two years, hurting Brazil badly. The Petrobras corruption scandal also damaged public confidence in the economy and political system.
Lots of misconceptions in the USA about Brazil. It's economy is largely driven by a private economy of large and small businesses. You can argue regulations and taxes are too high but this is a far cry from socialism. Freedom of the press and democratic elections are the norm there. Corruption is unacceptable and a real issue. Hopefully, the Petrobras scandal will lead to reforms and greater public scrutiny.
Remember when Brazil was given lots of smoochies for its growth and smart economy? What on earth happened to that nation? The water for Olympics events is unhealthy, Zika is uncontrolled, the economy is in major meltdown, and the political leadership is at war. This looks like a trainwreck, sort of what America would look like if Trump stumbled into office.
Quote:
Originally Posted by NYJoe
Puke liberals just don't get it.
It ain't liberals who extolled the virtues of Brazil and cheered when Chicago lost the bid for the 2016 Olympics (since President Obama supported the U.S. bid, they reflexively opposed it).
The engine behind Brazil's economy is commodities like oil, sugar and coffee. Prices for all of them have plummeted over the last two years, hurting Brazil badly. The Petrobras corruption scandal also damaged public confidence in the economy and political system.
Lots of misconceptions in the USA about Brazil. It's economy is largely driven by a private economy of large and small businesses. You can argue regulations and taxes are too high but this is a far cry from socialism. Freedom of the press and democratic elections are the norm there. Corruption is unacceptable and a real issue. Hopefully, the Petrobras scandal will lead to reforms and greater public scrutiny.
I remember when the company I worked for was trying to open a new office in Brazil. For months we couldn't get a T-1 line or even phone lines delaying the opening of the office.
This all changed when literally a briefcase full of cash was delivered to appropriate people, we had a line the next week.
Remember when Brazil was given lots of smoochies for its growth and smart economy? What on earth happened to that nation?
Riding the roller coaster of commodities' prices has never been smart economy. Brazil should know that since it already happened in the past, when they depended on coffee. But economies depending n commodities exports, be it soy, gold, oil, guano, coffee, will never learn
I remember when the company I worked for was trying to open a new office in Brazil. For months we couldn't get a T-1 line or even phone lines delaying the opening of the office.
This all changed when literally a briefcase full of cash was delivered to appropriate people, we had a line the next week.
Kind of the way people solicit our Politicians with "Contributions".
Wonder how many bags of cash the Clinton Foundation has accepted? It's probably in those deleted emails.
It ain't liberals who extolled the virtues of Brazil and cheered when Chicago lost the bid for the 2016 Olympics (since President Obama supported the U.S. bid, they reflexively opposed it).
But the historical revisionism doesn't surprise me in the least.
There were plenty of liberals who didn't want to see Chicago get it.
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