Brazil built its' Middle-Class with Redistribution of Wealth. Now look at them

[OfTheCross]

The ruling Workers Party, which took power in 2003 under then President Luiz Inácio Lula da Silva, lifted more than 40 million Brazilians up to the middle class, partly through a cash-transfer program known as a "family stipend" and partly by making it easier for workers to get credit to buy cars, washing machines, and other consumer goods. But the boom turned out to be a bubble that has now burst. The economy has stagnated and is about to tip into its worst recession in 25 years. Inflation has soared to 8 percent, eating away people's paychecks, and widespread corruption has undermined the economy.

lank

Pretty much the moral of this story is that once the Government starts a program they've got to make sure that they can sustain it.

The economic shyt hit the fan in Brazil cause oil was down and they weren't exporting and now people are broke and angry.

How bad do things have to get here for us to get angry??

 

[PikaDaDon]

bump

 

[tmonster]

guaranteed we're not getting the whole story

 

[88m3]

guaranteed we're not getting the whole story

Brazil is more prosperous, successful, democratic, egalitarian, and cohesive society than America ever could be... what more is there to say?

 

[Yapdatfool]

Breh, widespread corruption would undermine any economy.

But I'm a let you cook...

 

[YvrzTrvly]

Brazil is more prosperous, successful, democratic, egalitarian, and cohesive society than America ever could be... what more is there to say?

I'm gonna need to see some facts on that...

 

[88m3]

I'm gonna need to see some facts on that...

Give Brazil a few hundred more years and I'll let you know. They only abolished slavery in 1888.

 

[Domingo Halliburton]

they were once a very promising developing country but corruption in the government is their biggest problem.

 

[Red Shield]

Brazil has all the ingredients to be a major power...but won't be in our life time. The corruption and racial issues are going to hold that country back.