Today, the American Thinker posted an article about the economy of Brazil. Why in the world should we care about the economy in Brazil? Well, Secretary of State Hillary Clinton cited that economy as a good example to follow--3-6% economic growth recently and a place on the world stage with the World Cup Soccer games and the 2016 Olympic Games. Sounds good, but that's not the whole picture.
The article at American Thinker reports:
"Brazil's economy actually is growing at a superheated pace, this much is true. It is the B in the BRIC )Brazil, Russia, India, and China), which together seems to have a controlling destiny in the world economy. After generations of misrule and flirtations with Communism, Brazil seems to have its legs beneath her. The currency is finally stable (with interest rates, however, from 14% and upward) and taxes now just onerous rather than impossible. There exists a growing middle class and considerable upward mobility that never really existed before. The problem is that Brazil still cannot shake its pinko roots."Politicians in Brazil promise everything to everybody. Its astronomically popular recent president Lula was the original community organizer. What kind of promises? Every Brazilian with a "legitimate" job is guaranteed 30 days of vacation after the first year. In addition, their Social Security system makes the US government look miserly. And once you are hired in a legitimate job, you have to try very hard to lose your job -- public or private sector."
The problem is that this is not sustainable. There are not enough legitimate jobs, so the economy is being driven underground. Corruption is ramplant--pay-to-play between the government and businesses is common, and there is no dream of starting your own business.
The article states:
"Before extolling the virtues of beat-down market socialism, maybe our politicians should do their homework first, that is unless they like what they see-a people subservient to their will. Good luck, America, with the endless lines like in Brazil and the mushrooming number of incompetent and corrupt politicians and public servants. Get ready, also, for an army of those who think they know better about your life."
Big government does not work--anywhere. Once the government gets its nose under the tent of private enterprise and our personal lives, prosperity and privacy are doomed.
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