Did you know that Brazil “is now the United States’s fourth-largest creditor”? They’ve been increasing their wealth, which has afforded the US the opportunity to spread its debt.
This according to a book by Larry Rohter, BRAZIL ON THE RISE: The story of a country transformed, reviewed in the June 17, 2011 issue of the Times Literary Supplement.
To read between the lines, Brazil is changing from a crappy country to a not-so crappy country. Given Rohter’s retarded analysis—Brazil’s improvement he puts down, in part, to wise “cash-transfer social programmes”—it’s hard to know what’s afoot. The Left truly feels—for they don’t think—that moving money from wealth creators to wealth consumers generates plenty.
It’s safer to say that, as in Chile, freeing markets has generated greater prosperity for Brazil.
