Site icon The Punching Bag Post

How Socialism is Destroying Brazil

<p>Brazil&&num;8217&semi;s Rio de Janeiro used to be a popular tourist destination&comma; along with being the home of thousands of wealthy Brazilians&comma; but now the city is known for its violence&comma; high unemployment&comma; public debt&comma; and inflation&period;&nbsp&semi;<&sol;p>&NewLine;<p>Unemployment is over 12 percent and the country&&num;8217&semi;s taxes have reached an all-time high to pay for pensions&period; The pensions account for over half of the government&&num;8217&semi;s budget&period;&nbsp&semi;<&sol;p>&NewLine;<p>Brazil&&num;8217&semi;s economy isn&&num;8217&semi;t showing any signs of improvement either&comma; it has contracted every quarter for the last two years&period;<&sol;p>&NewLine;<p>Since the state government is nearly bankrupt&comma; it is unable to provide police with the equipment needed to protect citizens&period;&nbsp&semi;<&sol;p>&NewLine;<p>Drug gangs have taken over the city&&num;8217&semi;s streets and wealthy areas are no longer safe either&period; Six bodies recently washed up on the rocks of the affluent Urca neighborhood&period;&nbsp&semi;<&sol;p>&NewLine;<p>Brazilians have been forced to flee their home to find safety&period;&nbsp&semi;<&sol;p>&NewLine;<p>According to Brazil&&num;8217&semi;s government figures&comma; 41 percent more Brazilians have registered to vote from abroad in the upcoming presidential election compared to the 2014 election&period;&nbsp&semi;<&sol;p>&NewLine;<p>&ldquo&semi;I&rsquo&semi;m totally freaked out by what&rsquo&semi;s been happening&comma; especially here in Rio&comma;&rdquo&semi; said Brazilian actor Thiago Lacerda to <em>The Wall Street Journal<&sol;em>&comma; who is also a father of three&period; &ldquo&semi;In several years&comma; they&rsquo&semi;re going to want to go out&comma; to start dating&comma; without worrying about getting shot&period;&rdquo&semi;<&sol;p>&NewLine;<p>But sadly&comma; not everyone has the means to leave Brazil and escape the violence&period;&nbsp&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;Unlike Central Americans fleeing to the U&period;S&period; because of gang violence or in search of work&comma; these Brazilians are often members of the country&rsquo&semi;s elite&mdash&semi;&ldquo&semi;precisely the people who are in a better position to help change Brazil&comma;&rdquo&semi; said Naercio Menezes Filho&comma; director of the center for public policy at Insper&comma; a S&atilde&semi;o Paulo business school&comma;&&num;8221&semi; writes the <em>WSJ&period;<&sol;em>&&num;8220&semi;About 52&percnt; of the richest Brazilians&mdash&semi;those with a monthly household income of more than &dollar;2&comma;500&mdash&semi;want to emigrate&comma; while 56&percnt; of college-educated Brazilians want to leave&comma; according to a study published in June by Brazilian polling agency Datafolha&period; Overall&comma; 43&percnt; of Brazilians would emigrate if they could&period;&&num;8221&semi;<&sol;p>&NewLine;<p>About 20 years ago&comma; Brazil was a much different place and citizens were optimistic about its future&period; But socialist-lite policies&comma; which fosters regulations and increases in government sending for welfare&comma; civil service salaries&comma; and pension programs&comma; has caused the country&&num;8217&semi;s now dire situation&period;<&sol;p>&NewLine;<p>&&num;8220&semi;In the 1990s&comma; Brazil&rsquo&semi;s economy appeared to be one of the most promising in the southern hemisphere&period; The fifth largest country in the world in both area and population&comma; and blessed with abundant natural resources&comma; Brazil seemed to have put its earlier inflations&comma; economic crises and political turmoil behind it&period; Then the socialists hijacked the future&comma;&&num;8221&semi; writes the <em>Panam Post<&sol;em>&period; &&num;8220&semi;Fifteen years ago&comma; when Luiz In&aacute&semi;cio Lula da Silva &lpar;nicknamed &ldquo&semi;Lula&rdquo&semi;&rpar; was elected President&comma; Brazil embraced the socialism of the Worker&rsquo&semi;s Party&period;&&num;8221&semi;<&sol;p>&NewLine;<p><strong>Author&&num;8217&semi;s note&colon;<&sol;strong> Will &&num;8220&semi;socialist-lite&&num;8221&semi; policies ultimately destroy Brazil&quest; Will Brazil soon be on the verge of collapse like Venezuela&quest; It may be too early to tell&&num;8230&semi;<&sol;p>&NewLine;

Exit mobile version