Why Brazil Isn't a Superpower (but Should be!)

[@EconomicsExplained]

Go to the link: imprintapp.com/Economics_explained_LIB to get 20% off an annual membership

[@MarijnRoorda]

There is no free trial for this app. Everything is behind a pay wall. That's one app i won't be trying, despite it sounding promising. Whatever happened to the days of shareware i wonder... Like the first episode of Wolfenstein 3D was free, you had to pay for the rest.

[@stretchchris1]

Is there a course that tells you how to use apostrophes correctly? Hint: there isn't one in 2000s.

[@TheAnonymousKnightOfJustice]

Why was there not the same video about Indonesia? Like Brazil? They also have a large territory and resources.but more importantly a large population?,your videos on Indonesia was interesting but more on pessimistic side. are you going to make the same video about them? Why are you the pessimistic economist channel I know. Are so optimistic on Brazil while you haven't made such optimism on Indonesia?😅

[@LuizOSonicfan]

I find it interesting that a lot of "gringos" have more faith in Brazil than the Brazilians themselves

[@Jotinha500]

And that’s a problem

[@mishima3262]

É muito mais difícil ter fé quando você vive a realidade todo dia. Quando você vê por fora são só números, estatísticas e notícias.

[@XxjeffersonDkidxX]

they cannot fator how bad things really are from outside.

[@lontongstroong]

Counterpoint: paraphrasing philosopher Kurt Gödel - one can’t be in a system while at the same time understanding the system you’re in, especially in term of negativity bias.

[@brunnocesar1411]

Eles não moram aqui, por isso têm fé. Brasil está fadado ao fracasso.

[@lukedornon7799]

No level of geographic advantage can overcome disastrous governance, just ask Brazil's neighbor Argentina.

[@evangsanabria]

That's true Argentina is a shame

[@agme8045]

I mean, Argentina is not doing good, but despite being in a constant state of crisis, it’s still one of the best countries to live in in Latin America. It really has no competition, like Chile may have a better macroeconomic prospects, but in reality living there is not very different to living in Argentina. They simply have more natural disasters. Uruguay is just too small, that’s why Argentina is full of Uruguayans. And Mexico is a narco state, overrun with structural poverty and crime (Brazil is not very different to Mexico). You could argue Costa Rica maybe Panama… but they are also quite small.

[@Mateus-qf7mg]

I agree, just look at Switzerland, a country surrounded by the Alps, isolated and without access to the sea, but still with one of the highest GDP per capita in the world, HDI and a GDP comparable to Brazil's, being an infinitely smaller country.

[@taiefmiah]

@@Mateus-qf7mg Yes but Switzerland's financial system is it's USP and the fact that is is politically stable. That only works for so many countries since not everywhere can be a tax haven for the mega rich and then filter that into the rest of the system. Switzerland is also a much older country which has cemented itself as a financial center for over a century (including it's role in financing some despots and dictators). You cannot replicate this on the scale of Brazil without decades of bulding, but also it does not work with how Brazil is positioned graographically, and others are already in that market

[@Magnanim0uz]

​@@agme8045Not really, southern countryside brazilian cities are way better. When someone says argentina is broken its not a joke, more than 50% argentinians are in poverty

[@PhilomathAstrowizard]

As Brazilians, we have an "evil". We adapt too well, we're more focused on dealing with the now instead of building a better tomorrow.

[@StingnB]

You're so right

[@fadifotos]

This!!! More upvotes for this comment please!! Brazillians do not push back, they deform themselves in each situation... This is the otherside of the "carefree"/high mood people. It is not good for long term :C

[@maio0077]

To the point of giving up completely, It's a commendable trait I recognize, but it can be dangerous.

[@GTchum]

For most of us, it's impossible to focus on tomorrow when they have to eat today. But sadly, the right can destroy everything the left created in half a decade.

[@DiGarcia0011]

Deve ser bom pra caralho não entender geopolítica e resumir nosso planejamento a uma frase de merda. Nós somos uma falha planejada, uma fazendinha colonizada pelos EUA. Eles não deixam nos industrializarmos, o governo é derrubado toda vez que um governo com esse objetivo assume o executivo.

[@LeandroSantos-bt1lg]

I’m a native Brazilian who immigrated to Canada back in 2010. This conversation of Brazil becoming a superpower has been happening since my great- grandfather was alive and never materialized. I hope to one day witness Brazil becoming a world super power.

[@andersonprs07]

Unfortunately, Brazil never misses an opportunity to miss opportunities

[@rafaelalodio5116]

Even if we never reach the superpower status I will still be happy if we manage to become a developed country, and by that I mean a country that’s hospitable to live in.

[@VNuxion]

It will take 70 years and that's a big if

[@gustavogallindo8145]

@@rafaelalodio5116 The only developed countries over 100M people are US and Japan. If Brazil becomes a developed country it will be a superpower. There is just too many people and resources there for a developed country to be something else. Unfortunately that also means that leveraging that amount of people out of poverty in a economically sustainable way is a much harder task than what Korea or Ireland did in the past.

[@prakashkr2214]

​@@andersonprs07just like India😂🤣.. Resources is both a curse as well as benefit.. It makes currency inflated..

[@PhantomHarlock78]

Brazillians always make something to live with their problems in the place of fix them. This avoids total collapse but also avoids bigger development.

[@xtr.7662]

Truest comment ive seen

[@azahel542]

THIS. Our so called "jeitinho brasileiro" is great in allowing us to live with mediocrity, but it ensures we stay in mediocrity for good.

[@trygd100]

Brasil é uma bosta

[@nemesiszz]

that's like any developing country

[@valdomero738]

@@PhantomHarlock78 macaco bros that's a self own.

[@normm1619]

My first professional job was was Xerox in the 1980’s. I remember hosting a team from Xerox do Brasil, and them saying ‘yes their country was great, but there is an old joke that ‘Brazil has a fantastic future - and always will’ A few years back, I was at a lunch with some partners from a major international law firm. One of the partners had just come back from doing a 5 year stint in Brazil, and he shook his head. After listening to the round of curious inquiries around the table, he smiled, shook his head, and said ‘Brazil has a fantastic future - and always will’…

[@altairtodescatto]

Yep, can relate

[@FABMatheus00]

This country has lost many opportunities throughout its history; it’s fantastic how unlucky this country is. I am Brazilian and I believe that nothing will ever work out in this country. Even if things start off well, in the end something will go wrong. It’s an absolute certainty, just like death.

[@normm1619]

@@FABMatheus00 the country is not ‘unlucky’…what it is, is a country that mismanages its opportunities.

[@germanpenn]

I lived and worked in Brazil during the boom. My boss was a very smart Brazilian lawyer, and I will always remember what he replied when I asked if he was keeping his savings in Reais or US Dollars (the Real was strong back then): he said "Brazil flies like a hen does: it looks like it will take off for good, but then falls back to the ground"

[@normm1619]

@@germanpenn every international company in Brazil, that has employees use company credit cars, has them denominated in US dollars. They have been burned too many times between when employees incurred expenses, and when they reimbursed the employees for those expenses.

[@betterchapter]

I've always wanted to visit Brazil, a very beautiful country. Praying for prosperity in Brazil from 🇮🇳

[@soubhagyaranjanswain5514]

Didn't know you were Indian. Nice to know that.

[@Redyf]

Thanks 🙌

[@guilhermecorrea9483]

We Brazilians are humbled by your superior "gambiarra" skills. If the Zombie Apocalypse ever comes to being, please come to Brazil when you have found a way out of it.

[@alexandredesouza3692]

We'll be happy to welcome you. Brazil is beautiful and has wonderful people and foods! I hope both our countries may become more peaceful, joyful and prosperous very soon!

[@vicentedacosta]

My father moved from India (Goa) to Brazil in the mid 70s and never looked back. Hope you can come sometime in the future! 🇧🇷❤️🇮🇳

[@cassioamorim1348]

As a Brazilian who left in 2008, I see that in the end you are way more optimistic than any Brazilian I know, as the comment section proves lol

[@m.hughmungus121]

Yah, people with ZERO experience in a non-white civilization like to run their mouth how it could be better (decades of history prove otherwise)

[@AndreVictorGoncalves]

Where did you go? Please don't say USA or Portugal

[@m.hughmungus121]

@@cassioamorim1348 yah , lot of ignorant people that think secretly there's a white person inside everyone....and enough time /money eventually it'll come out and they'll make prosperous countries like the European

[@williansouza8724]

@@AndreVictorGoncalves why shouldn’t he say usa or portugal?

[@AndreVictorGoncalves]

@@williansouza8724 Because these are the countries undereducated people go

[@TheMagicLemur]

"Brazil is the country of the future... and always will be" - De Gaulle. 😅 Remains true in this video since the 2000's - always near to taking off but never quite does.

[@Luckysevenization]

That's right... 😂😂 That gentleman also once said that Brazil is not a serious country😆😅

[@ArthurSouz4]

Because it's not, here everything is funny, everything is to laugh about... Even the most serious things, we just don't treat is as a serious... ​@@Luckysevenization

[@lfsg689]

​@@Luckysevenization De Gaulle never said it.

[@dan5626]

@@TheMagicLemur General de Gaulle never said this.

[@TheMagicLemur]

@@dan5626 Source? It's widely attributed to him...

[@talideon]

...and that's half of the reason there are so many Brazilians in Ireland! No bad thing from my perspective: they're lovely people.

[@Jean_Carl0s]

How Irish see brazilian immigrants?

[@reneeantwi-boasiako3974]

A lot are in London too ❤️

[@m.hughmungus121]

​@@reneeantwi-boasiako3974that must be why London is so peaceful (compared to when it was all anglos)

[@LuDel95]

​@@Jean_Carl0sIrish people like me have a really, really positive view of Brazilians. Brazilian people are kind, easy-going, fun and very warm. I have nothing but love for my Brazilian brothers and sisters! 😊

[@TheRandomness6894]

​@@Jean_Carl0sI'd say overall the Irish really like the Brazilians. I know many Brazilians and they have this great sense of humour very like the Irish. They are also very nice and work in the economy too.

[@baha3alshamari152]

Brazil is getting older while not richer

[@MGJpredador]

Don't go to Rio de Janeiro and the big city of São Paulo. Both have the highest rate of criminality of Brazil. A friend of mine was going to marry there and I said I was just going to be at the ceremony and then left. I don't like to take meaningless risks. Btw, I live in Brazil and I'm Brazilian.

[@miroslavraven1413]

the Guy that did that mega scandal pra destroyed the economy is back and his name is lula... the rigged the elections same way biden did and now we are screwed again by him...raising taxes for non working goverment people are enormous and its once again hard to live here a trip to market costet me in the 2023 200 reias how is 450 reais...

[@Felipera_]

​​@soumakirimoto2195never been to ponta grossa, but I lived in Campinas and Floripa, and visited the others. They are great towns, specially if compared to SP and RJ.

[@creativebenzin]

You ARE Brazilian but ignorant... São Paulo IS the safest capital from Brazil.

[@luxraider5384]

​@@MGJpredador how do locals deal with crime?

[@Kaz-vj9fe]

Also good to notice that rocks on the ground dont make a country richer, otherwise the Congo would be a super power. People and companies do! Brazil was on ranking 129 of 190 on an "easy to do business with" list. The education and infrastructures are also abyssmal. That really shows how the only things somewhat viable are raising cattle and the government digging oil to sell abroad, and i think everyone can see how easy this system is to fail and to get back up over and over again

[@valdomero738]

That's because semites tun that country

[@danidejaneiro8378]

Thousands of kids miss school every day because of police operations in their neighbourhood, or because there's no teacher or because they have to sell peanuts in the street to help their sick mother.

In order to do anything at all, you need resources, and if even if you do everything flawlessly, if you don't have resources, your country won't produce anything, so having those rocks on the ground is always a great advantage since you don't have to buy them from others, just grab them and get to work.

[@SA2004YG]

Brazils elites dont care about their country just how much they can gain

[@VinnieMF]

@@Kaz-vj9fe Yep. An economic apparatus efficient in extracting, refining and selling those resources is what will generate wealth. Pure resources aren't wealth. Besides, you don't even need natural resources to be rich.

[@Soooooooooooonicable]

Germany psychologically destroyed them. Brazil never recovered from 7-1

[@Israelsousa001]

A brazilian person here,i think you are wrong,man,it was not only 7-1 game that destroyed us.😂😂😂

[@PingSharp]

Brazil would be a wasteland by now if it weren't for their last minute goal

[@decreasing_entropy3003]

Dude, that's so harsh!🤣

[@POLARTTYRTM]

It has been destroyed since 2006 onwards.

[@Israelsousa001]

@@PingSharp for sure,man🤣😂😂

[@Bad_Gnasher]

Corruption and incompetence will destroy any country given time.

[@Rasfa]

Yeah, just look at the US.

[@jubernardi23]

USA has more corrupton today than Brazil but people don’t talk about that( by the way, always had but today…) For sure because you are another, vir-lata that knows anything about economcs, finançes, quality of life and many other things to make a análise and thinks that you know everthing because like the other vir-lats you only make assumptions.

[@480darkshadow]

@@Rasfathat’s copium, look at the world, it’s all corruption, doesn’t mean we can ignore how bad it is at home because everyone else is doing it.

[@lontongstroong]

Isolationism symptoms.

[@SpilledMug]

​@@Rasfa The US has it easy compared to Brazil and other countries alike. The Americans tend to see only the bad and always overestimate their problems. Most other countries just see how well the US is doing despite everything going on there

[@AlanTheBeast100]

Corruption prevented India from becoming greater than China - and that would have been achieved by the 80's. Corruption seems to have destroyed Brazil's potential from the inside too.

[@PutinkabaapLawrencekajija]

india is fifty years backward than brazil

[@Asim_Khan00]

india was a protectionist country up until the 1980s. reforms allowed it to grown ever since. it wasn't held back entirely because of corruption

[@AlanTheBeast100]

@@Asim_Khan00 Corruption. And - in part corruption prevented reform as vested interests steered reform away.

[@AlanTheBeast100]

@@PutinkabaapLawrencekajija I guess you haven't been paying attention to India's economic explosion of late.

[@PutinkabaapLawrencekajija]

@@AlanTheBeast100 which economic explosion?? where it is..what is the situation of common man in india ? just have few new low quality roads and badly planned buildings are not a development ..do you know india still dont have a single city of international standard ..it is all country of slums ..see delhi,mumbai how much they are chaotic

[@wertywerrtyson5529]

My wife is Brazilian so I want the country to succeed. I have visited in 2012, 2017 and 2023 and it’s sad to see how things have gotten worse and optimism left.

[@Rasfa]

Then > leftist governments. 2016 forth > conservative/extreme right governments.

[@oBarbinha]

​@@RasfaYes, the robbery of the Left really left a hole in our economy, getting welfare money from loans and lots of corruption, like Petrolao.

[@joaopedroalbuquerque3824]

@@Rasfa people like you voting is what is ruining our country

[@jubernardi23]

Wort than USA is impossible! You are talking sht! Tell me what is wort?

[@jubernardi23]

@@RasfaNah! Let’s started with something Brazil is not wort he talking sht! Problem thinking that USA still a shhole "first world" country 😂😂🤡🤡☠️☠️

[@doodlegod666]

As we say in Brazil "brazil never misses an opportunity of missing an opportunity"

[@sidineischmidt6046]

All bright-minded Brazilians are very disappointed and cynical about our Country. But let's admit that what we achieved with Plano Real was impressive!

[@AustrianPainter14]

You mean Brazilians in the south. Lol

[@TheEmolano]

Rare Brazil W, let's hope we can repeat it in the next hyperinflation

[@thiagovieira9377]

​​@@TheEmolanoexactly 😂 lets disconsider that real is 90% weaker than when it was created. People should stop buying this shitcoin and start buying some bitcoins or other currencies.

[@riograndedosulball248]

​@@TheEmolanocoming soon to every supermarket near you!

[@Mateus-qf7mg]

I agree with this, the Real Plan was essential for us. But the truth is that, unless the People fight for lower taxes, transparent public accounting, and truly efficient social and economic policies, we will not live decently. To live decently, it is necessary to fight: And to fight, political will is necessary, as Nayib Bukele said. The country needs political will for necessary changes, political changes and greater public transparency. Definitely, if the People marched, fought and protested in favor of better public policies and the like, we would be a much better country. I hope that the Youth will do this, but what we see here from the Youth is a bunch of drug addicts marching because of unelected judges who promoted freedom of illicit drug use. It is simply that, a bunch of drug addicts.

[@ARIXANDRE]

Centuries of mismanagement and corruption. Hospitality and samba can only do so much.

[@DOCTV-qr9hy]

Até porque todos os brasileiros são assim, não é?

[@ARIXANDRE]

@@DOCTV-qr9hy the majority were raised this way. "Jeitinho brasileiro" is what keeps the country, with vast resources, from being taken seriously on the world stage.

[@WeekzGod]

@@DOCTV-qr9hy Doesn't need to be all. Just enough to demoralize the rest.

[@DOCTV-qr9hy]

@@ARIXANDRE Curtidas suas mostram que eu estou certo. Generalizar não é o caminho. Adeus.

[@DOCTV-qr9hy]

@@WeekzGod Não tenho culpa, cada um com sua vida. Agora querer trazer todos para o mesmo barco, eu não aceito.

[@kauevampiro7186]

Living in Brazil I can see a lot of problems that we can solve. Brazil needs to industrialize your economy, start to export more technology and processed goods instead of raw materials. The biodiversity have to be ally to the organic industry. The cities need to less segregative and more accessible.

[@danilooliveira6580]

that is too expensive and it takes time to happen, it's the kind of thing that even if a candidate try to do, people will be angry because things are more expensive and then will elect someone else that will revert all the changes. the only reason China managed to claw it's way into a super power is because it's a autoritarian regime and they can throw their population under the bus to focus on industrial development.

[@jmg10v49]

@@danilooliveira6580 Oh, so it’s basically the term “Comfort Zone” but increased on to a national scale.

[@danilooliveira6580]

@@jmg10v49 hmm... not necessarily I guess. it's more like people can only think about the present or immediate future/past. they don't realize that sometimes their lives need to get worse to get better. so if their lives get worse because a leader decided to raise taxes to control ballooning debt, people will be angry and will instead vote for a candidate that promises to cut taxes.

[@matheusbee3441]

​@@danilooliveira6580It has some pounts of truth, however, has a democracy the only way to get Brazil or any democratic country to take off is when something major happens. For the US it was WW2 that boomed their economy to the sky and a series of good economical decision catapulted them to superpower, for Brazil, the most recent opportunity was in the early 2000's with the commodoties boom. Bad decisions and corruption undermined that oportunity.

[@richdobbs6595]

I think EE missed on problems with Brazilian infrastructure. My understanding is that it isn't so much the rain forest, which ends up being this large area of low productivity for a modern industrial society. Instead it is the lack of rail and road infrastructure from Sao Paulo and Rio to the southern interior of the country.

[@advicepirate8673]

A huge issue with Brazil's geography is The Great Escarpment, a really long cliff that runs along the coast of half the country. It means there are few navigable rivers, few good ports, and even if you do get a port, well there's a cliff right behind it, good luck building a railroad up that. It makes the interior of the southern half of the country extremely inaccessible, and if you can't access it, you can't use it. The west coast of Africa (where Brasil split off from) has the same geography, and hence the same problem.

[@lontongstroong]

@@advicepirate8673 Brazil is lucky to avoid the same problem (extreme poverty and unchallenged despotism) as the African side just simply being a much older nation-state.

[@TheEmolano]

It's sad that Brazil had a LOT of railroads a century ago, but basically scrapped them for roads. A country that big rellying on slow and expensive trucks/buses can't work.

[@drjp4212]

@@advicepirate8673 That's not a problem. 100 years ago, Brazil had a pretty huge railroad structures, mainly in southeastern and southern region. It was destroyed/abandoned because of political influences, corruption-wise, "cars will help to develop the economy better than trains" because "the less the efficient a business is, more jobs and social benefits it SHOULD generate". That's a socialist and completely dumb idea, but it's followed like a never questioning rule.

[@silasdedeus9555]

​@@drjp4212give up, our country is gone. Paraguay waits for us with open arms and lower taxes. Lets make Paraguay great!

[@Carlosmltr]

An interesting fact is that in the 2000s, practically every country in latin america and all the BRICS had a very similar growth rate as Brazil, with Brazil actually falling behind most of these countries in terms of growth. However Brazil's growth sounds more impressive because of the sheer size of the country - huge GDP -, and it was already richer than the other countries to begin with.

[@agme8045]

Yes.. Argentina had the exact same ‘phenomenon’, and all thanks to China. China was the only country developing all along, we where just chess pieces in their master plan lol. But now that china stopped abnormally growing, we are back to the usual issues.

[@danilooliveira6580]

it's the issues with growth through exports of raw materials and growth through internal investments. Argentina and Venezuela had the same problem, they were riding booming economies by making fortunes with exports (Argentina with consumer products and Venezuela with oil), but when the global economy cooled the money stopped flowing and they broke thanks to all the expending.

[@alcoolgelson524]

It was the commodities boom that made the growth, but after the boom ended we were left only with the terrible government choises that were made in the boom

[@Aaron-mu1oz]

I’m Australian and I moved to Brazil last year, having lived in Canada, Timor-Leste and Spain before. It’s been great so far.

[@Renan_A.]

Nice! Do you find it better than Canada? What do you work with here? (genuinelly curious here)

[@Raxyz_0]

Brazil's great... ...if you have money. While that might seem true regardless of the country, this is particularly damning in a country where a crushing majority is middle class or lower. The rampant corruption and exploitation caused a near irreversible inequality here.

[@ghfudrs93uuu]

The fact that people like you ain't closely surveiled by the government is one reason we can't have good things.

[@bedsdt]

​@@ghfudrs93uuu what?

[@heart_break1]

I'm betting your paycheck is in Australian currency. Brazil is indeed a great country if you have money.

[@GuilhermeBorgesCunha]

In Brazil we have a popular saying to describe the cycles of brazilian economy: it's made of chicken flights. Of course chickens don't fly, they seem to fly but instead they will hit the ground with their faces. Unfortunately Brazil is doomed with eternal underdevelopment and I only see a future becoming harsher with a population poor elder. Brazil now has the same demographic problems of developed countries without having a wealth and stable economy.

[@SecretStepDaddy]

Well you guys have more than enough food so you’ll never go hungry

[@Rasfa]

You need to see a psychiatrist, you're depressed.

[@sidineischmidt6046]

@@SecretStepDaddy Starvation was always a problem in Brazil tbh. Counterintuitively, we produce a lot of food but export most of it (because other countries have higher purchasing power), so food here is quite expensive for the poorest.

[@sidineischmidt6046]

I'm also very concerned about the aging population and the fact that they won't have money for eldercare, so it's all going to be another burden for the working generation. I'm not saying people don't deserve respect and care. Only that life is going to become even harder.

[@qwerty-vp1sb]

​@@sidineischmidt6046 suicide rate in Brazil will about to rocket.. poor and solitary elder people without care

[@andret3739]

Im brazilian, my father worked in a higher up position at Petrobrás, he worked there for around 30 years and after retiring he became a consultant and worked at several oil companies all around the world. According to him Petrobrás has some of the best structure of any oil companies out there and Brazil could easily be an oil based superpower if the government stoped having their paws all over it

[@AnnaHartmann-g9k]

Petrobras is amazing company.

[@pedroghirotti]

The government should actually take more over Petrobras. It's ridiculous that the "market" can decide what a public company should do for the country. Petrobras should not have any stocks being traded in the stock market for example. It's absurd.

[@mateusuchoa4099]

​​@@pedroghirottiPara de ser ignorante. Primeiramente, a Petrobras não é uma empresa pública. Ela é mista. Ela não teria o tamanho que tem sem dinheiro privado.

[@pedroghirotti]

@@mateusuchoa4099 a sua ignorância sobre economia e ciência política é mais latente. Tudo é uma questão de modelo. Continue na sua ilusão neoliberal, veremos onde o Brasil vai parar.

[@mateusuchoa4099]

@@pedroghirotti Vi muito bem o que a mão do Estado fez na Petrobras. Embora provavelmente eu entenda mais que vc sobre o assunto, não é preciso muito conhecimento pra saber o que um modelo falido e corrupto pode fazer com uma empresa desse porte. É só observar os fatos. Talvez o seu "conhecimento político" o faça ignorar os fatos.

[@ricardoribeiroprudencio7871]

Our economy is going as well as our soccer team, failing to do the basic.

[@Rasfa]

Our economy is doing very well, thank you very much.

[@dltn42]

Haha ... We are much better now than with Bolsonaro ... the Thieve of Jewelry 😂 😂

[@jubernardi23]

This is pure falacy and you don’t anything about economics!

[@jubernardi23]

@@dltn42In fact this has nothing to do with both politcs but we could do much better if you were have better leaders for sure and also a Greer system politcs

[@jubernardi23]

@@RasfaThis is true! Those people don’t know anything about e economics and should sht or serious study also compare our countries, what we produce, our industries, technologies, companies, we almost don’t import anything and many other countries need us but we don’t need them

[@ricardopontes6027]

Unfortunately, the bottomline is that the video fails to give an accurate picture of Brazil's ordeals. It shows some facts that are accurate, and are a consequence of the ongoing financial crisis, but omits several causes that resulted in the 2014-15 recession. Hyperinflation was caused by fiscal deficit, and the Plano Real changed the strategy to tackle the deficit by raising taxes instead of printing money. However, the Plano Real was unable to quench government spending even with legislation forbidding rulers to go into debt. From 2006-2014, government (bad) spending tried to artificially drive the economy forward, and as these investments bore no fruits, the economical activities linked to that collapsed by 2014. Nowhere in the video, it is shown that the recession was a motivator for ousting president Dilma for illegally contracting debts. At the moment, Brazil is politically polarized and divided, and this undermines any chance of real problems being tackled. The country is considered to be the worst in the world to pay taxes, as tributary legislation is a kafkian nightmare. Brazil ranks 124 in Economic Freedom Index, highlighting the difficulties for the private sector to entrepeneur, and the workforce is highly uneducated and unable to cope with the technological advances since the final third of the XX Century, much less the 4.0 Industrial Revolution. Fiscal deficit is fueled by increasing mandatory spending on public employees. These form a caste of privilleged Brazilians that are not required to show efficiency, many of them gain earn very high wages, and to actually exonarate a public employee requires a difficult and time-consuming process. Brazilian internal infrastructure is more of a problem than the Panama canal woes. The slow GDP growth helps to mask the infrastructure woes as this infrastructure is demanded below the limit it will pose a barrier to growth. Roads, ports, airports, electricity generation, etc. are all at the brink of collapse, and either investment is too few and too slow, or there is no investment. I have seen my share of videos on Brazil, and they all fail to catch the right picture.

[@jaikanths875]

As an Indian, I can feel you when you say it's almost impossible to indict a government personnel. Too much bureaucracy is what keeps our countries as a 'Developing Nation'.

[@maestrorafaelribeiro]

Perfect.

[@connorsterrett]

Ricardo, se vc é brasileiro, está de parabéns pelo seu inglês 👏🏻👏🏻

[@VictorGabriel-ht5qp]

Thank you for one the best explanations I have seen about it

[@edgarbenjoseph3879]

It would be nice to see your video explaining all this.

[@arthur_2399]

The data in the graph at 5:05 is incorrect. Brazil's exports in 2023 were US$ 339 billion, not about 30 billion as shown.

[@breakingzilian5371]

It doesn't really matter when 80% of it are basic consumeables, it will not directly reflect the industry

[@Rasfa]

There's A LOT incorrect in this video

[@Rasfa]

@@breakingzilian5371 lol yeah sure

[@kabir1934]

​@@breakingzilian5371Nope, that's not how it works kiddo

[@guilhermed.c.2794]

The graph's right, it's not yearly exports, probably monthly or quarterly

[@WillianMS]

Brazillian here. This video makes it look like the corruption investigation in 2014 made things get worse. This is far from truth. Even without corruption, the economy was already going bad due to excess expending and high taxes. While this formula is kept, brains will keep leaving the country, the currency devaluating, high inflation, low wages, and the country failing.

[@renatofernandes7939]

Not just that, but we have someof the problems they say in other vídeos, like we are an agriculture focused economy, our education is terrible, we are a terrible place to entrepeneurship, we have no savings, we have no political stability, and so on. Of course corruption is a terrible thing, but some milions (or maybe a few billions) is not what makes an economy of this size terrible.

[@apenasmedeixausar]

Debatable and likely wrong. Regardless of the supposedly "excess expanding and high taxes" you speak of (source?), Operation Car Wash was mostly a political movement that impacted trust in Brazil in order to push for a change in government (which by that time was controlled by a left wing party for well over 10 years) to the detriment of everyone else. Sergio Moro and Deltan, who illegally led the operation in both executive and legislative (absolutely illegal), later became involved in the new government. In fact, in the elections of 2018, as soon as Sergio Moro requested the arrest of then presidential candidate Lula, his biggest adversary was elected instead and invited Sergio Moro to be part of his government. Now, BOTH Deltan and Moro are elected right-wing politicians. Many of Operation Car Wash was later judged invalid, arrests were unmade and nothing was gained. I highly recommend anyone interested in one of the biggest corruption scandal to search for "Operation Car Wash Leaks". They had access to leaked messages that proves how the prosecutor (Deltan and others) and the Judge (Moro) collaborated to bring this change in government.

[@lucaskohn5457]

​@@apenasmedeixausar meu Deus do céu kkkkkk quanta distorção. Não vou me dar ao trabalho de responder a tanta bobagem, mas sobre os altos gastos e os impostos abusivos são uma clara realidade do nosso país. Meu irmão é estudante de finanças e, antes do Taxadd, ele já falava como que a maioria dos nossos produtos tinham taxas sobre taxas. Pra produzir tecnologia no Brasim, q é o pior produto, paga taxa de venda por CADA peça que eles compram (e qualquer empresa de tecnologia precisa comprar uma sériede componentes diferentes para fazer uma mísera placa mãe), mais um imposto sobre produtos industriais e um imposto na venda final, que resulta que os impostos são mais que o dobro que o custo de produção do produto final. E as empresas pagam imposto de renda mais imposto sobre o lucro, tudo é repassado para o consumidor final, que também paga imposto de renda. E sobre os gastos exorbitantes, eles são uma das razões do governo estar em dívidas severas atualmente.

[@yannamorim1194]

@@lucaskohn5457 Zero distorção. Tudo muito bem explicado no comentário e os danos irreparáveis ao fim oriundos da lava jato foram tão severos que grande parte desse país sentiu na pele com a destruição de todo um setor de engenharia. Obviamente o país precisa de uma reforma tributária e ainda que eu não goste do Haddad em muitas coisas ele mesmo reconhece e trabalha por uma. Só não crie grandes expectativas pois os mesmos lobbies de sempre agirão afim de desidratar tão reforma e sobrecarregar quem sempre paga o pato nesse país, o pobre empregado e a classe média/média baixa.

[@lucaskohn5457]

@@yannamorim1194 como é q vc explica os impostos aumentarem exorbitantemente no governo Lula mas se manterem estáveis no governo Bolsonaro? O Loby só atua quando é a esquerda no poder? Não! A razão é simples, o governo Lula gasta como se não houvesse amanhã e pra poder continuar gastando eles taxam tudo que podem até o pobre não conseguir mais comprar nada. Impostos sobre produtos fazem com que o pobre tenha menos poder de compra, enquanto que para o rico um aumento nos preços é irrisório, portanto essa "reforma tributária" do Haddad que se resume em taxar tudo que é possível não faz cócegas nos mais ricos mas prejudica enormemente o pobre. Isso não é uma reforma tributária, não mudou nada sobre como os impostos funcionam e investir no Brasil se torna cada vez mais difícil, especialmente pro pequeno e médio empresários, quem pagam mais imposto agora do que no governo anterior para levar um produto até o consumidor final só para que este não consiga comprá-lo de tão caro que fica o seu preço. Empresa não paga imposto, ela repassa pro seu consumidor, e no fim o pobre é quem perde mais do seu salário, e o curioso é que o "lobby" supostamente responsável por essa ação no governo atual era inexistente no governo anterior, o que mostra que, ou o governo Lula é quem quer taxações abusivas na população ou que só o Bolsonaro teve peito pra não se ajoelhar a esse "lobby misterioso e oculto". E aí? Prefere qualnnarrativa? kkkkkkkkk. E no fim, como nunca antes na história desse país, o Bolsonaro entregou o Brasil no verde apesar de dois anos de pandemia e diversos os diversos gastos do governo nessa época kkkkkkk. Não deixe a ideologia te cegar.

[@ricardokowalski1579]

Script went to great lengths to avoid identifying the responsibles of the corruption.

[@bauefrenchmen3126]

Because corruption is good for capitalism because it allows corporations to get away with more and ee is a simp for capitalism.

[@Rasfa]

IKR? They didn't even mention Moro & his gang's deceitful deeds!

[@ricardokowalski1579]

@@bauefrenchmen3126 pray do tell who are the corrupt "capitalists" not mentioned in this video

[@Unknown-jt1jo]

He mentioned a couple of people related to the Car Wash Scandal. This is an economics channel, though--not a deep dive into Brazilian corruption scandals.

[@ayana1821]

​@@Rasfayeah, Moro was the problem, he is the one to blame... Right?

[@rafaeldossantosroque4253]

A factor you didnt mention: by 2010 we had a demographic bonus in this country, which is no longer the case.

[@ssssaa2]

If anything Brazil's demographics are more favorable today than in 2010. You want a lot of working age adults and few old people and children for that boost.

[@axmedeiros]

​@@ssssaa2 That's what demographic bonus means: more working young adults and less old people. BUT it's over now. Brazil has started to become an aging country already without being a developed and rich one. We won't even be able to count on immigration as the country is poor. To make things worse, the most educated and qualified young brazilians prefer to move to better countries and this is just gonna increase as the countries' population ages.

[@TAILUNGFF]

Errada, estamos em pleno bônus demográfico

[@lisarox4221]

@@axmedeiros We have a demographic bonus though, sure the aging population is growing but there is still a lot of young people and they are marrying and having children

[@alvarohigino]

​@@TAILUNGFFNão, até os dados do IBGE afirmam que não.

[@danielnoujaim8004]

Yay another video that I will watch instead of going to sleep for work tomorrow

[@maxuabo]

That’s so insane, but that’s good you’re getting paid to watch KZbin instead of your job

[@danielnoujaim8004]

@@maxuabo hahaha no no no I need to sleep now so I can go to work not ruined. But instead I watch finance videos instead of sleeping which will then impede my ability to make more money😂

[@FictionHubZA]

Here here

[@viniciusnoyoutube]

In a turn of events, the imprisoned president managed to nullify the trial on technical grounds just in time to be retried. The companies that were convicted are now back in business and even getting their fines refunded. Corruption in Brazil is endemic and is unlikely to be eradicated.

[@benoithudson7235]

The technical peccadillo of the judge being himself on the prosecution team. From outside it was clear that the trial was not a fair trial at all, even before that news came out. A real trial might nail him for a real crime, a show trial just demonstrates the right is itself deeply corrupt.

[@munokokiri7480]

@@benoithudson7235 Name a brazilian political party that isn't deeply corrupt. Come on mate, it's brazil we are talking here, there is no uncorrupted side here

[@arthurmiranda8896]

@@benoithudson7235 Where have the money gone if there were no crime? And you want me to believe that by pure chance, the public companies started incurring losses AGAIN, the first year your dear innocent president came back? Come on dude, the future of your nation is in play here, stop defending the people that are robbing us blind!

[@shikikankillzone4239]

​@@benoithudson7235 The left, quite literally, has done the same for over 20 years. The second the right stopped playing their game, 2022 happened

[@lisarox4221]

@@munokokiri7480 Yeah but, if you want to be the Judge to put an ex-president in Jail on the grounds of him being corrupt you should at least not accept being minister of justice to his major adversary. That was a huge red flag.

[@gagrochowski]

As a Brazillian myself, I can say that this is the best description of Brazil by any gringo youtuber that I´ve seen in the last years. You guys nailed it! Just a note: You´ve forgot to talk about the madness called the Brazil´s tax system, that keeps Brazil´s economy down.

[@fiattenebris]

Not that good of a summary. As you pointed out, the onerous, unfair and overly complex tax system is one of the big problems, as is the fiscal deficit driven by pensions and social security which are non-discretionary expenses. Lava Jato did break investors' trust and implode the engineering industry, but attributing the country's economic shortcomings solely to corruption at Petrobras while ignoring its structural challenges is far from painting the whole picture.

[@JoaoVitor-ov1rb]

as a brasilian myself, our economy and quality of life leaves much to be desired, i lost hope in the developement of my contry and just want to leave to a more stable one

[@Rasfa]

bye

[@MagicMike_101]

As a Brazilian, I start my phrases as a Brazilian.

[@justiceiroesc9357]

Sucess for you, seriously

[@Oda_Samurai]

@@MagicMike_101 People do tend to say that, the way to identify if a person is, or is not from Brazil is simple: Just say hi, one of the three first things they'll say is either "I'm Brazilian" or "I'm from Brazil". That, or "Ai donti spic inglish"

[@srikrishnachaudhuri1259]

I was eagerly waiting for your analysis about Brazil. Next up please do Morocco.

[@Sheilamoraes27]

Análise 😂😂☠️☠️🤡🤡

[@rLeafh]

The crazy thing about "Operation Car Wash" is that everyone involved in this affair are actually free, and one of them is the current president of Brazil...

[@leon_.03]

Lava Jato foi uma operação mal orquestrada e baseada no achismo de um jumento que se dizia juiz, o resultado foi que ele acusou de corrupção tanto os políticos corruptos quanto os que eram inocentes, e como não havia provas pra prender ninguém não serviu de nada.

[@mayconolliveira]

esqueceu de dizer que o juiz estragou o processo porque estava coordenando as investigações e depois virou ministro da oposição😢

[@phenriquerocha1337]

​@@mayconolliveirao que só mostra que tá tudo tão errado e de maneiras diferentes em todos os espectros políticos

[@DaniboyBR2]

@@mayconolliveira Vai lá ver os leaks do Glenn Greenwald do careca, só estragou ali porque melava o esquema dos grandes, agora o esquema está seguro e qualquer ilegalidade é permitida, tem juiz trabalhando de promotor, investigador, delegado, juiz, tudo no mesmo processo, e tá tudo lindo e maravilhoso segundo a GLOBE.

[@momo8200]

As a foreigner, without a creating a more educated labor force, making it easier to do business/bring innovations to market and the harder task of moving the economy away from mostly extracting resources in Brazil's case iron ore, oil, soybeans etc. to producing more value-added goods and services. Brazil will remain a middle income country a la Argentina, but progess has definitely been made and not every country can go from dirt poor to developed nation in a lifetime like South Korea, some took longer.

[@Rasfa]

Yes, and there's A LOT of powerful people out there who do NOT want Brazil or other underdeveloped countries to rise.

[@GuilhermeBorgesCunha]

Not even a middle income country. Believe me or not, but Argentina has higher GDP per capita than Brazil.

[@mordred_]

It's no that simple, buddy. If it was we'd have solved it already. We have entrenched parasitic elites from the colonization era, a huge part of the population addicted to government handouts, political institutions in bed with the drug cartels, and an educational establishment that teaches students to be nostalgic for the USSR. We can't even make a public investment program to stimulate the economy because most of our budget goes towards paying interest in the debt the government took to make the previous failed public investment programs. And on top of it all, we have a demographic crisis approaching (1.6 children per woman). There is no hope, only coping and seething from brazilians

[@luisfilipedamasio2584]

​@@GuilhermeBorgesCunha Brasil continua sendo de renda média, na verdade preso na chamada armadilha da renda média com vários outros países emergentes Argentina e cone sul sempre foram historicamente mais ricos per capita q o Brasil e mais desenvolvidos a Argentina q desandou e o Brasil melhorou um pouco aproximando os dois. E pib per capita não é td isso ñ Guiana hj tem pib per capita altíssimo por causa do petróleo descoberto recentemente, quem é mais rico e desenvolvido Guiana ou Brasil? Essa nem precisa de resposta

[@momo8200]

@@mordred_ I never meant to make it sound simple at all, many countries struggle all the same, all points/reforms need not just the laws, but institutions to maintain regulations, transparency, anticorruption measures, a political elite that is determined to make and uphold measures that benefit the country and not a special few it also doesn't hurt to have a population that is willing to vote for politicians that do unpopular but necessary measures that are needed for the benefit of the nation.

[@junqueirapedro]

Excellent take. I am a Brazilian national leaving in Australia since 2006. I do not see any perspective of that reverting back to the 2000 and 2010 boon before my retirement.

[@Alexapalm]

I’d like to point out that for the transportation section of the video comparing Brazil and Canada, in order to transport anything from Canada to Asia, you have to cross the large chain of the Rocky mountains and a rain forest too. Transportation is far from easy/cheap, there’s just more infrastructure that’s been built up overtime and maintained ti compensate. Though major investments are still needed to bring the transportation networks there into the 21st century.

[@GuilhermeBorgesCunha]

Absolutely correct. Canada has way better infrastructure, just that. In southern Brazil you have relatively good infrastructure, however in other regions it's awful.

[@Eng_Simoes]

Rainforest in Canada? Lol

[@emylka]

As a Brazilian who left in 2022, im pretty sure no one wants to come back, and the democracy is not available there, I can't see a better future in Brazil, both the people and the politicians, for the most part, are bad and take every opportunity to gain advantage in any aspect of life. I recommend left brazil. I'd recommend anyone who wants to get a better life, a safer place to live, where your money is enough to do more than survive etc, try it, you need to focus on yourself, get certificates in some areas that is on search by a good country, do a college, PhD etc on it, your future only will be grant if you do that today.

[@joseneto2743]

Pra onde você foi?

[@MauroVictorBarros]

That's true, unfortunately. I left in 2019 and will not go back by my own will. The country has no future.

[@lucass.decordoba8195]

Curious too. What country did you went and how have been your experience? By the way, a good College degree and PhD in Brazil is no eay task...

[@dannyarcher6370]

I live in Chile and have been to Brazil a couple of times (excluding transit through Sao Paulo). It's the culture. Latin American culture across the board is not interested in improvement and innovation. It's about doing the bare minimum to get to the next day. I was in Rio in December, 2021 for the first time and I was extremely disappointed. While everyone was friendly, the place was falling apart, with rubbish from beachgoers literally being swept into the sea, litter everywhere, homeless people begging for money and shitting on the pavements. Copacabana was not the beach paradise as shown in long distance shots in tourist brochures. Ipanema was tolerably better but still nothing to write home about as a South African.

[@Rasfa]

It's the culture of the ELITES. They are not interested in developing the country and are very much happy in being subservient to the US. That's why leftist governments have such a hard time in Brazil. It's a tough cookie. What you've experienced in Rio is the result of reckless conservative governments.

[@richdobbs6595]

But Ipanema did have that girl!

[@dannyarcher6370]

@@richdobbs6595 Nah. I had to bring one with me!

[@richdobbs6595]

@@dannyarcher6370 That girl is now 81, so not that much a girl.

[@no_more_spamplease5121]

Rio is overrated. The best beaches in Brazil are in the Northeastern States.

[@felipepereira214]

Brazil is the example of how important is to vote right, avoiding populist politicians at all costs. It doesn't matter if the politician is from the right or left, conservative or liberal, them just need to be far from populism.

[@AustrianPainter14]

Uh huh sure. Explain El Salvador then

[@Crowmaster999]

Brasil is the example of how the vote no matter when all the system is flawed.

[@Crowmaster999]

Without the market incentive to generate new entrepreneurs, the state closes the country’s economic development by creating slaves dependent on a disease that it itself caused. It’s clear like cristal

[@gabrielpalombo4384]

IQ 83. What do you expect?

[@rodrigogodoi4250]

Show me a good candidate and Ill show a good vote. Political system is flawed and rotten in its core, all candidates are bad, the democratic election is just an illusion of power that the people think they have.

[@BewareTheLilyOfTheValley]

Hellsing Abridged has forever ruined me with seeing that statue as everytime I see it, I say, "Jesus needs a huuuug!" 😂

[@peanutbutter7721]

Didn't expect a TFS reference on an EE video tbh

[@OCaminhoSereno]

My man has not cited once the political domination of the commodities producers that hinders every attempt to industialize the country or to create a more diverse economy. We are a breadbasket country and the breadmakers are the ones making the decisions about our future. Why would they want to change our economic profile?

[@mensrea1251]

Brilliant. Exactly. Brazil needs to be a manufacturing power before it can realize its potential. A commodities based or “breadbasket” economy cannot have the productivity levels needed to achieve first world levels of prosperity. Economic stagnation despite the existence of objective foundations for economic success typically means there are economic interests at play that actually do not want things to change.

[@dansands8140]

You blame the producers, and you should. But without government fiat, they couldn't stop industries from developing. The solution is to limit the power of the government, not make the government more powerful and hope they fight the guys who are paying them.

[@Rasfa]

@@dansands8140 "they couldn't stop industries from developing" they could and THEY DID. Brazil's elite couldn't care less about out development and sell us short to the powers that be. We got fkd in 2016 BECAUSE of the opposition to the gov't.

[@mensrea1251]

@@dansands8140What prevents incumbent monopolies from continuing to dominate and shape the markets and reinforce their interests? Yes, in some cases pure innovation can upend the status quo and break through, but it is naive to believe government has no role to play. Too much government can be as bad as too little of course.

[@dansands8140]

@@mensrea1251 If they abuse their monopoly position, it should be easy to compete with them and end the monopoly. There's nothing wrong with a monopoly that uses their position to make goods too cheap for anyone else to compete with. This isn't always true, but 98% of the time, it is.

[@biasuzcaca04]

Be careful mentioning Brazil, you can mess your algorithm

[@dltn42]

???

[@khhnator]

HUEHUEHUE

[@andrewjgrimm]

What do you mean?

[@khhnator]

@@andrewjgrimm Brazil is a VERY large country with a massive online presence... you usually don't come across them because they kinda have their own Portuguese corner of the internet

[@amarok8099]

@@khhnator unless y'all summon us, just say the word "Brazil"

[@ezequielrosa1221]

As a brazilian and currently high school student, all i can say is that after university i'm outta here.

[@ezequielrosa1221]

@@EJH783 Economic instabilities, low wages, high tax rates, low security on big cities.

[@RAFAEL199O]

​​@@EJH783Australia Indonesia turkey anything away from west to be specific anywhere tax friendly

[@carlosgarcia9509]

@@RAFAEL199O y’all hate the west but have no problem being on platforms that where created by the west 😂

[@Unknown-jt1jo]

@@EJH783 Turkey might be better. Indonesia is much worse.

[@MagicMike_101]

As a Brazilian, I start my phrases as a Brazilian.

[@josepires3497]

The solution to Brazil's fundamental problems has been stamped on its flag for centuries, order and progress. To unleash its potential, it must have the courage and discipline to act accordingly.

[@dansands8140]

Depends on your definition of 'progress'.

[@GuilhermeBorgesCunha]

@@dansands8140 exactly. No one opposes progress until we start to discuss the very definition of what progress means.

[@crisbycris4012]

Perfeito

[@Rod2912]

Our country is falling for to long, it has been the same throughout our history and I barely believe that will change in some point. it should be, but it'll never become a superpower or even an "low tier" developed country (with seems to be a trend with South America in general), unless something really changes with the way of thinking here. But still, if you have money enough to simply don't care about the problems here, it is a good a place to live, with good climate and great food.

[@Violant3]

Yep, I make enough money to leave Brazil if I want to, but I chose to stay here, and like you said, the money I earn makes me not worry about the economy we're in, I don't stress about prices too much and can live a pretty comfortable life here.

[@Rod2912]

@@Violant3 that's good! I've also met some who left here to make their money and returned to have the comfortable life they always wished for

[@deinemam7115]

Brazils problem are the brazilians

[@Rasfa]

@@deinemam7115 Why?

[@arthurmiranda8896]

@@Rasfa Addicted to handouts, subservient to authority, bad at organizing communities, violent, racist, superstitious, envious... Most of us are good people, but when you have 200mi of anything you will get LOTS of bad examples. And the worst of us are the ones with most incentive to abuse our shitty and confusing laws and political system.

[@lord_of_love_and_thunder]

Economics Explained tends to ignore the social structures and norms that can inhibit sustained economic growth. Brazil has a very high adolescent fertility rate, with nearly 20% of teenage girls being pregnant. The fundamental economic unit of a well functioning economy is a well educated individual raised by two parents.

[@luisfilipedamasio2584]

Taxa de natalidade e fecundidade brasileira é bem baixa, EUA e França tem taxa mais altas. A pesar que sim o problema que você citou exista não é tão alarmante quando se compara o todo da população. Iclusive esse vai ser um grande desafio do país que vai ter uma grande população envelhecida que começará a diminuir de tamanha já em 2050.

[@savioblanc]

Brazil has a demographic decline that is a bigger worry than some teenage births. That's the real time bomb facing Brazil.

[@Eng_Simoes]

That's symptom, not cause.

[@MB-xe8bb]

Building factories making contraceptives would help solve this problem and stimulate the economy. Make them free under the healthcare system.

[@luisfilipedamasio2584]

@@MB-xe8bb We have free healthcare and free condoms even on the subway So this has existed for a long time here, the only thing Brazil doesn't have is legal abortion, with some exceptions and sexual education in schools as the norm, although it's not uncommon to discuss it in lectures. The number of pregnant teenagers is not that high, just higher compared to much more developed countries. The issue has more to do with families with low education and low income or dysfunctional families. Of course, there are those girls who are aware and have sexual relationships anyway.

[@skz-gaming]

As a expat Brazilian I consider coming back from time to time. But every time I go through São Paulo on the way to visit my family I remember one of the biggest reasons I left: violence and decay. Until this is fixed I can justify risking being killed and ruining the life of my family forever. Where I’m now, I don’t need to live in a private community, have a bullet proof car and can actually participate in society.

[@AustrianPainter14]

That’s what happens anytime you get diversity

[@Eng_Simoes]

You're not "expat", you're migrant.

[@Eng_Simoes]

You're not expat, you're migrant. I live in Sao Paulo, I don't live in a private community, I don"t own a bullet proof car and I participate in society.

[@Pioneer_DE]

Economy as good as their football game....

[@lljonhll]

Prasing or hating? lol

[@kaleomariz1000]

That was cold blooded man 😢! That hurt!!!! 🥲

[@tonypuga2502]

They're the country with the most world cups in football with a total of five

[@joaovitormatos8147]

Too harsh

[@aceaugusto]

⭐️⭐️⭐️⭐️⭐️

[@firenter]

Hearing my sister's partner and his Brazilian friends talk about it, they are very much not seeing these problems getting fixed any time soon and would all rather build themselves a life here in Europe than back home.

[@DOCTV-qr9hy]

Europa Ocidental.

[@arthurvargas6329]

I'm Brazilian and I left the country last year. Since 1985 Brazil became a democracy and, unfortunately, it's never worked very well. We aren't watching today the decline of Brazil's economy, we're watching the decline of Brazil as a country in general and there's no solutions at the horizon...

[@ARBB1]

"The Brazilianization of the World" from the American Affairs Journal is one of the best essays I've seen relating how this economic failure might actually be the future of most western countries as state machines fail. Its interesting to give it a look.

[@sawsaw7]

Yes! I've heard all my life that Brazil was "the country of the future". I thought it meant we would become a superpower. But turns out that it's the rest of the West that will become just as shitty as we are.

[@overvieweffect9034]

there's no place like home indeed, because ever since moving from brazil to europe, this is soooo much better that it's indeed nothing like "home". besides, by the time brazil fixes its economic, safety, extreme inequality, infrastructure, corruption, dirtiness, etc. issues, most of us that left will have called our new place our actual home (as I already have 10 years ago)

[@DOCTV-qr9hy]

EUROPA Ocidental???

[@Eng_Simoes]

Relax, we don't want you back.

[@belliaxen]

Assim como os antigos imigrantes da Europa, principalmente alemães e italianos, morreram no Brasil em busca de uma vida melhor e chamaram o Brasil de laf Nossa, como se um país necessitasse dos "patriotas" idólatras e sem cérebros como os brs.

[@favOriTe-v6e]

@@Eng_Simoes I'd interpret that as a compliment lol

[@Eng_Simoes]

@@favOriTe-v6e that's because you're stupid

[@juanmontoya6622]

It has been a Feudalistic society from the very beginning. It's successes are based on tech transfers. It's natural wealth and opportunities have been squandered for centuries.

[@sidineischmidt6046]

You are 100% right, man!

[@DOCTV-qr9hy]

Você não cuida do vosso país?

[@w0mblemania]

Too many economists overlook or downplay or dismiss the role of CULTURE in a society's success. Usually, this is for political/ideological reasons, and not wanting to be seen to be insensitive. But the reality is that it's culture and the institutions of culture that drive whether a nation will be prosperous or not. You can have all the economic advantages in the world, but if you have a culture that doesn't reward some risk-taking, isn't fair for most people, doesn't provide a bedrock of justice and transparent law-making and enforcement, then it's all for nothing. If your future prospecs rely on political whim, you're probably screwed. Such a system is only going to reward grifters and criminals. I strongly recommend everyone read David Landes' "The Wealth and Poverty of Nations".

[@yottadrive]

That's because economists are mostly materialists.

[@480darkshadow]

Economist work off numbers, it’s hard to quantify something like culture

[@w0mblemania]

@@480darkshadow MInd you, this very channel quantifies many other intangibles in its score card for each country. But it doesn't like to mention culture...

[@Eng_Simoes]

Culture is largely a consequence of incentives, be them natural or artificial.

[@w0mblemania]

@@Eng_Simoes Maybe. But... so? What's the predictive power of such a statement?

[@RBonfas]

FYI on Plano Real. There was no price freeze, that was actually tried in the mid 80s and ended up going badly. This year marks the 30th anniversary of Plano Real, so a lot of very good content is being produced, including interviews with the minds behind it, who are mostly still alive. If anyone is interested, as it actually is a very interesting subject, with a lot of new ideas at the time, there’s a great book on it by Miriam Leitão called Saga Brasileira, though I don’t know if there’s a translated version.

[@GabrielVitor-kq6uj]

As a Brazilian I'll tell you. They just need to cut down the Estate. Lower government spendings to a bare minimum. Lower taxation by a huge margin. Adopt a serious budget policy. Remove all the dumb bureaucracy for the private sector to thrive and bring in external investment. The government doesn't have to do any thing, aside from stop disturbing the market. That's all it takes.

[@fernandoalves41]

Sucessive left wing governments, have fucked all hope and prosperous planning . Socialism , hás limited and if persists, will annihilate any chance of prosperity. So help us God .

[@TonyStark-mm6qy]

If a Country like India after 1000 years on invasions, colonization, partition, border issues can bounce back and be the 5th largest economy on Earth and country to grow more - Of course Brazil can and it's just a matter of time !!!!! Love Brazil 🇧🇷 from India 🇮🇳

[@DanielSilva-jj2lz]

Brazilian culture is different from Indian culture, India works in a federative way, Brazil works in an imperialist way, the current emperor promises to destroy the country's productive capacity as much as possible, perhaps in 1000 years Brazil will start to move forward.

[@DOCTV-qr9hy]

​@@DanielSilva-jj2lz Índia tem alguns indicadores socioeconômicos piores que o Brasil.

[@DanielSilva-jj2lz]

@@DOCTV-qr9hy o importante é que o pib real do país cresce na media 6,0 % durante os últimos 10 anos com deficit na nas importações e detalhe, o setor de manufatura e de serviços cresce junto, não é como aqui no bostil que só vemos falar em números dinheiro que é bom apenas o estado e seus amigos.

[@Unknown-jt1jo]

What 1000 years? India under the Mughals (circa 1750) was already a world power and one of the wealthiest countries in the world. No need to make up numbers.

[@DOCTV-qr9hy]

@@DanielSilva-jj2lz Já vi que você não é imparcial. Melhore!

[@yetaloz814]

I'm surprised by the amount of optimism these videos have. Born in Brazil, my experience here has been rather clinically depressing. I have never seen a country so split apart between both the extreme left and the extreme right, both political sides having their own mafias that struggle for the people's attention and control over the goverment. The 1988 constitution is nowadays a horrible mess, it has so many laws that are quickly made to give advantage for those who make it. And the recent 2022 election has seen the dismantlement of Operation Car Wash, now a relic of the past as all evidence was burned and most arrested politicians are now back into doing their sketchy stuff. The government also thinks they can regulate an entire global market and keeps putting up barriers that just hinders development and innovation while attracting companies that are able to resist these barriers. It's no wonder all those with the brains just leave the country. There is no opportunity here. Just bureaucracy and corruption. A bright future is all we can hope for, but it will remain a future nonetheless.

[@famailiaanima]

Our problem is cultural, just favorable times won't make our country better. This also means that our problem is solvable, contrary to a lot of Brazilian's culture.

[@joker6solitaire]

James, you put that concept of "freedom" so well: "You're free to act as you please, but you're not free of the consequences of your actions." I've never been able to put that distinction into words. Well done! Re: the episode, I found that Ken Grant guy from Kody's hometown exceedingly unlikeable. In fact, I found ALL of those people unlikeable! I can't imagine publicly speaking so derisively about someone who considered me a "friend" when we were kids. It's fine to have a private opinion, but the way they mocked teenage Kody on TV was nasty. I would NEVER go back to a town like that.

[@heron394]

As a brazilian living in Brazil, we have no hope for the future of our country. All of the young people dream of moving to Europe or USA/Canada. We know that all good economic cycles that our country go through will end on a recession that will set us back to where we were 1-2 decades ago.

[@Luckysevenization]

Don't forget our beloved Paraguay, which welcomed the third largest colony of Brazilians in the world. And every month more and more of you arrive to live in our small and humble country. And if there is anyone who knows your country very well, it is precisely us, your Paraguayan neighbors.

[@BigDragonGames]

Im brazilian and that was a Nice analysis congrats 👏👏

[@hugovergeth7082]

Being brazilian myself, I can say that the country lacks one key element for more permanent and stable social and economic growth, a system that doesn't favor dishonest, corrupt and populist politicians (the vast majority of them).

[@Benistrom]

As a Brazilian born in the 90's, l grew up hoping for a better country, the future seemed bright. Now all I hope is for Brazil to fall quicker. May something better rise up in it's absence.

[@MB-xe8bb]

Things can get a lot worse. Venezula, Congo, most of Africa, etc.

[@Magnanim0uz]

Agora que você imigrou pra outro país ta querendo q o Brasil caia né?

[@BRASILEIRO-BrasilBR]

Isso ai e um vira lata ​@@Magnanim0uz

[@iagomacaso]

As a Brazilian, your point of view on our economy and the overall situation has changed some of my perceptions about our problems and the future. Thank you!

[@JulianoPenna]

There is another important issue for Brazil to take off: double taxation. Like you said in the video, most of the economy is dependant on exportation of raw materials. Considering the size and population of the country, it should be different, but it isn't because it is too expensive to do business in Brazil if you don't own most of the productive chain of your product or service. We don't pay taxes over profits, but over revenue and consumption. The more outsourcing your have in your production chain, the more taxes you pay, to the point where you are only paying taxes if you don't sky rocket prices at each step of the chain. Brazil's growth is totally dependant of some other country actually growing and doing business with us...

[@HGMzzzsss]

Brazilian here, video is on point. Brazilian are like this, “is there futebol? Beer and samba?”Well we don’t care about the rest, but hey, look at how bad things are now…

[@UochintomWash]

Brazil is gonna take a long while to recover after what Godzilla and friends did in Rio

[@puelocesar]

Regarding the last part of the video, this is very well true. As much as I enjoy European infrastructure and easy travel, I’m definitely going back to Brazil at some point. Outside your home country you will always be “the immigrant”, even if you have high wage and pay a shitton of taxes

[@HGMzzzsss]

Correct

[@vitoremanuel4374]

Você é maluco se está pensando em voltar bem quando o país ta numa recessão ferrada, sinceramente se eu não tivesse família me segurando aqui, eu já tinha metido o pé desse hospício e nunca mais voltava

[@MauroVictorBarros]

I don't know about your experiences in Europe so can't say much. I can speak about myself. I live in the US and I feel integrated, I don't feel and nobody here makes me feel as "the immigrant" by the simple fact that there are people from all over the world here. It's a country formed with immigrants.

[@JustinOlpompa]

Should make a video about Nigeria's failure to grow quickly as you'd expect from a country of it's size with it's natural resources, and even a democratic government. Or something about Ethiopia

[@DanniManni]

nigeria was growing but it relied too much on oil and in the 1980s the oil industry went down in prices and their economy crashed and never recovered to this day they arent even remotley close to where they were they were like 4x more wealthy than now

[@DanniManni]

and nigeria is not democratic if you google it its a failed democracy

[@JustinOlpompa]

@@DanniManni Exactly but why hasn't Nigeria been able to grow in other sectors despite a huge population

[@GuilhermeBorgesCunha]

@@DanniManni another country that fell for the middle income trap.

[@JustinOlpompa]

@@GuilhermeBorgesCunha Nigeria is not in any trap the government is just very bad. It’s definitely democratic but the presidents never make goof decisions.

[@AsockRatao]

As a Brazilian currently living here, I have absolutely no hope of reversing this mess one day. I only plan to move to another country where critical thinking and honesty are not exceptions to the rule, so to speak.

[@paial]

Low taxes?! Compared to where?!!!! Brazilian here. Our tax to GDP ratio is huge, on of the biggest in the world.

[@Sheilamoraes27]

Sim comparadas as dos EUA é baixa, a população média de lá pagam muito mais e tem zero benefícios, nem um transporte público tem, ah, você deve ser daqueles que devem acreditar que lá pbre anda de Ferrari ( comprada em garangem toda fdida)e paga 10mil

[@VinyZikss]

nosso imposto de renda é baixo mas imposto sobre produtos é altissimo

[@gustavoabreu3097]

​@@Sheilamoraes27Minha querida o imposto de valor agregado (IVA) é altíssimo nesse país e tampouco recebemos benefícios. Nem venha dizer que o SUS é bom, É UMA MERDA NO INTERIOR.

[@Unknown-jt1jo]

According to en.wikipedia.org/wiki/List_of_sovereign_states_by_tax_revenue_to_GDP_ratio, your tax-to-GDP ratio is #34 in the world.

[@paial]

@@Unknown-jt1jo exactly. And above us are basically European countries (wellfare states). Here there is "virtually" no wellfare and we are taxed above USA, UK, and many other developed countries.....

[@theodoroseidler7072]

The Whole BRICS idea is nonsensical. Brazil is a nation of the Atlantic ocean with a large population of European origin. Culturally and economically it should be oriented toward Europe and the Americas. Fixing the Brazilian economy is actually very easy. The focus should be on the business environment: reducing bureaucracy, reducing the cost of industrial inputs (such as electricity, logistics), reducing labor costs (especially the myriad taxes disguised as contributions), simplify and reduce taxes (most companies need a division just to calculate and pay taxes), provide legal security and the rule of law, and last but not least, FISCAL and MONETARY stability. Nothing fancy or otherworldly is needed.

[@wilsonfreitas8418]

I agree with your diagnostics, but your suggestions are far from easy to implement. A large and influential portion of the population benefits from the status quo. The political class, the public sector workers and the oligarchs will block any attempts to move the needle.

[@Rasfa]

blablablabla

[@sebastianc.2216]

I agree , but I don’t see that happening very soon.

[@Rasfa]

​@@sebastianc.2216 It LITERALLY has just been done.

[@VinnieMF]

@@theodoroseidler7072 Without public support none of these basic changes that would do wonders for the country will happen.

[@TheSimArchitect]

The country may do greatly but if the social situation, which exists since before I was born, back in the 70's, isn't resolved, people like me (who came originally from there) will likely prefer to live a much lower standard of life in places like Western Europe, Canada and United States, due to the quality of life, in general. I only see myself visiting Brazil to medical tourism or if I have any personal matter to take care of. I'd be able to live in a nice house there, have someone to help me with house chores and much more luxury, but I'd be forced to only go to "safe places" (usually, areas with private security like malls and gated communities) or to drive in a bulletproof car. You can't even use a phone in public, over there, without the risk of being mugged, if you're not in a secured environment. And I am talking about São Paulo, the richest city over there. Anyways, my point is that a country can be rich or poor, that doesn't necessarily correlate with how well its population lives, sadly. Sorry.

[@Eng_Simoes]

Let me rephrase: People who would have the means to impact the country find it easier to flee and enjoy civilizations created and mantained by other people.

[@TheSimArchitect]

@@gabmachado I don't know. It can be an illusion. I am native from São Paulo. I used to love Florianópolis in the late 90's, early 00's. I remember they gradually had more and more solicitation on streets and petty crimes. I don't know of a city where you can walk openly with an expensive phone at a city center, walking, without a large risk of problems, for example. Living in a small town isn't a guarantee either, and some smaller cities lack in basic services like good health care (at least at the same standard we are used in São Paulo). I lived in Peruíbe for about a year and I hated it. And my house was also broke in, people vandalized my car once because I didn't give money to the person "watching" the parked vehicles etc. There's not enough resources even to keep some of the most dangerous criminals out of the streets, imagine the less dangerous ones that only break into a home here or take your phone and shoes against your will...

[@TheSimArchitect]

@@Eng_Simoes Yes. This happens all over the world. You can't even make your own building better if you live in a tower, if the majority wants something else, let alone change an entire city or country.

[@Eng_Simoes]

@@TheSimArchitect no it doesn't. Good countries are good because their people fight to keep it that way

[@TheSimArchitect]

@@Eng_Simoes Yes. Then, you move there and enjoy it. Much easier than struggling with an entire society against you. Plus there's colonialism, hundreds of years of exploitation etc. It's not only cultural, sorry. I live in Europe and we have great things here, but others aren't that great either. Brazilians have much more solidarity and willpower but the breadcrumbs available to the people are much smaller. Humans are humans everywhere. Sorry.

[@TheTMax]

This video was so interesting to me, since I've been living in Brazil for the last year as a digital nomad. So many of the things explained in this video, I've seen firsthand or heard from locals, and has been the source of many of my videos here on KZbin. Thank you for explaining in a non-biased and subjective manner. I'll be checking out more on this channel!

[@leonardocolossi2270]

why did you choose Brazil? wrong choice

[@antoniocampos5638]

Price control wasn't a measure in the early 90's to control inflation. It was actually a measure in the late 80's that generated most of the inflation, turning it to hyperinflation. At first you control the prices and they stop going up after each day or so, then suppliers start to pay more for the products then the price they can sell, which leads to them to stop selling, which leads to less and less product offer, that leads to even higher price hikes. As someone that lived those times, I remember even big supermarket chain stores starting to have whole aisles basically empty, even for basic goods produced in Brazil, like rice! Also, the biggest more significant growth cycle wasn't the early 2000's, it was in the late 60's and 70's. With most of the industrialization. The issue there being a very closed economy and dependent on debt, plus corruption. The way you grow, all the context, is more important then how much. The early 2000's was a disaster in debt, rampant corruption, inefficiency, empovrishment of most the middle class (less purchasing power without debt), etc. Too many things to write. It's back on track of rampant debt, corruption, etc. No bright future.

[@rcc8506]

We have been hearing this Brazil story from the 70's or earlier that it will be the next economic superpower but it has not happened. The social problems and structure of society are at fault which is much harder to fix than infra and other things.

[@rafaelalodio5116]

We live in a time of pessimism now in Brazil, environmental problems, increasing crime rates and violence, our money is worth a fraction of what it used to, but nevertheless I still have hope, even if Brazil never becomes a top global player we historically have been slow and steady developing, full of ups and downs, but we carry on.

[@Rasfa]

LOL pessimism died in 2022 with Bozonaro, mam.

[@Magnanim0uz]

​@@RasfaTá em todo lugar só falando mrd hein

[@fubytv731]

Did you make a video about Argentina? Maybe a newer update would be very interesting.

[@StingnB]

You did a great job on researching for the making of this video! I'm a brazilian in my early 30's and I, like many, and I mean MANY of my age, haven't all that clear of a reason why I feel so stuck and pessimistic living in this country. You showed the country's current geopolitical and economical status, and explained with a simple language pretty much all of its causes. Thank you for this excellent video!

[@ericosimoes9555]

i’m Brazilian and despite all my brazilian born fellas think, i do believe in a good future coming along for brazil. maybe not the way all of you imagined, knowing that for a lot of you, developing means be more like to USA. Brazil has indeed corruption problems, but which country doesn’t? if we don’t believe and work hard for our contry, who will? okay i agree we do have to be realistics but we cannot give all away, we have to keep believing and trying!

[@giantWario]

Brazil is the only place on Earth where they would have been much better off in every way if they hadn't overthrown their monarchy. For those who don't know about Pedro the Second, I'm just gonna say he was deposed by slavers because he had abolished slavery. It's not the only reason why he would have been (or should I say would have remained) a much better leader than the dictatorship that overthrew him but I really don't think I even need to go into details, just that fact alone is enough.

[@MB-xe8bb]

Good dictators are very efficient. Unfortunately dictatorships attract bad people.

[@bluecup25]

Brazil mentioned, let's go

[@MagicMike_101]

That was my thought

[@shindousan]

10:17 Brazil has a relatively safe and cheap route to East Asia through South Africa and the Indian Ocean.

[@rubembrust9122]

Good summary!

[@skyfeelan]

10:50 a small correction: it's NOT much easier to transport material through tundra road crack easily each winter, and it's hard to build on permafrost the rich and productive part of Russia and Canada are those in the temperate / semi-arctic (taiga) zone, not those on the arctic circle (tundra)

[@Vader19k8]

Olympic game are harbeinger of downfall of a nation - Greece, Brazil and soon France.

[@andrewrogers3067]

Even with its issues it’s still by far the regional power of South America. It’s almost like a Les bad Russia.

[@abcdef27669]

It’s like Russia, but full of snakes and jaguars, instead of bears and wolves.

[@aceaugusto]

i'll take it 😂😂

[@muhcharona]

Average IQ of Russia will remain much higher.

[@baneofbanes]

And look how that’s working out for Russia. Losing a war against a smaller neighbor, sacrificing its young men by the hairnets of thousands, cut off from its main customer base and a dialing economy and quality of life. Brazil needs to aspire to be better than that.

[@VinnieMF]

@@andrewrogers3067 Well, the only competitor is Argentina, which has been even more incompetent than Brazil for a long time.

[@_sargentocoelho_4441]

Thank you Worker's Party Nearly 20 years in power and virtually nothing improved other than their own pockets, which evidently got a lot bigger

[@Rasfa]

LOL The Worker's Party is THE ONLY ONE that got ANY GOOD from the country. Grow up, kiddo.

[@VinnieMF]

@@_sargentocoelho_4441 Well, I wouldn't call 14 years nearly 20 years, but yes. They didn't start badly, their first term (2003-2006) was still ok - mainly by maintaining the policies of the previous government - but the other 10 of those were simply bad.

[@yottadrive]

​@@Rasfathe entire south america was booming in the 00's thanks to commodities prices. The gov just took advantage of it. Now we are experiencing inumerous problems thanks to the Partido das Trevas.

[@Rasfa]

@@yottadrive That is asinine and nonsensical.

[@yottadrive]

@@Rasfa So the 00's commodity boom is a lie?

[@vSalmon]

Brazil's situation perfectly illustrates why we should reclaim the original meaning of "Economics" as "Political Economy." It's impossible to separate economic discussions from political contexts, and treating the field like an exact science overlooks this complexity. If someone wants to explain the world solely through numbers, they might be better suited to engineering rather than economics.

[@arthurlobo]

I am Brazilian and I can tell you. Brazil is the country of the future since 1950. This future never arrives.

[@stocadg]

Two key factors have significantly contributed to Brazil's struggles throughout its history. The first is its prolonged period of slavery, as Brazil was the last country in the Americas to abolish it. The legacy of this system persists, with the impoverished and marginalized still enduring exploitative conditions. Brazil’s business elite continues to view labor as something they control, reflected in the extremely low wages paid to workers. These powerful capitalists actively resist political reforms that aim to improve education, labor rights, and overall social equity. The second factor is the military dictatorship, which took power in 1964, with support from the United States. This regime, like others in Latin America, was a response to the growing influence of leftist movements that sought to build a more equitable nation. Every time progressive forces attempt to steer the country toward social and economic improvements, the ruling class responds with coups that set back progress, ensuring that Brazil remains under the control of a privileged few. As a result, economic growth and wealth continue to benefit only the white and affluent elites, further entrenching inequality.

[@zuarbrincar769]

And every time the left grows, corruption scandals, increasingly higher taxes, more obstacles to entrepreneurship, more difficulties to innovate

[@GabrielGABFonseca]

Fun Fact: the banknote shown at 4:15 is actually the modern-day design of the R$5 note; these were introduced starting in 2013, as part of a gradual rollout to substitute the original design run.

[@SilverScarletSpider]

At this rate, Mexico, Vietnam, Indonesia, and Australia will be a super power before Brazil.

[@Dajuhf]

And let not forget that at 2005 Brazil's government paid the external debt (with fees of ~5%/year) exchanging it with a internal debt with bigger fees (~8%/year) and shorter deadlines.