A while back, many economists thought that BRIC (an acronym for Brazil, Russia, India, and China) would soon be the leading and most prosperous capitalist states.
However, under capitalism prosperity is fleeting, especially for the workers, and, as far as Brazil is concerned, there is already trouble in paradise. It's economy lost one million jobs last year; police clash with students on the streets of Sao Paulo over school closings; the president, Dilma Rousseff is facing impeachment proceedings owing to accusations she used funds from state banks to cover budget shortfalls; the speaker of the lower house, Eduardo Cunha, who started the impeachment proceedings, is fighting calls to resign over undisclosed Swiss bank accounts and charges that he accepted millions of dollars in bribes in connection with Petrobras, the state oil company. Forty per cent of the 594 members of congress are facing charges of one type of or another. Four members of the highest court in the land are under investigation.
Isn't capitalism wonderful?
John Ayers.
However, under capitalism prosperity is fleeting, especially for the workers, and, as far as Brazil is concerned, there is already trouble in paradise. It's economy lost one million jobs last year; police clash with students on the streets of Sao Paulo over school closings; the president, Dilma Rousseff is facing impeachment proceedings owing to accusations she used funds from state banks to cover budget shortfalls; the speaker of the lower house, Eduardo Cunha, who started the impeachment proceedings, is fighting calls to resign over undisclosed Swiss bank accounts and charges that he accepted millions of dollars in bribes in connection with Petrobras, the state oil company. Forty per cent of the 594 members of congress are facing charges of one type of or another. Four members of the highest court in the land are under investigation.
Isn't capitalism wonderful?
John Ayers.
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