Brazil and the worst of capitalism
With big investments pouring into the country for the 2016 Olympics and the next FIFA World Cup, Brazil is facing a new and dangerous cycle as the one begun with the construction of Brasilia around sixty years ago. This is not a pattern exclusive to Brazil and we have seen it in European, African and Asian countries before.
What happens is that big money pours into a country that is “tagged” as promising and to maximize profits, the astronomical funds are dealt by their worst citizens, corrupt politicians and businessmen with no scruples or responsibility, who make fortunes and leave the rest of the country’s population with unpayable debts after the show is over.
We only need to take a look at what happened recently with the European Union, which only twenty years ago was labeled as the greatest business opportunity ever, or with what happened in Brazil several times before. We could not fail to mention Greece, who also hosted the Olympic games and now is in brink of total disruption. We wish the Brazilian protesters success and worry about the aftermath of Brazil’s current “Golden Days”.