WSJ article documenting the socialist underpinnings, corruption, the enormous Brazilian State and failed economic policies. "Feeling the Bern..."
http://www.wsj.com/articles/brazils-...lem-1461359723
Brazil’s Giant Problem
JOHN LYONS and DAVID LUHNOW
Updated April 22, 2016 6:23 p.m. ET
Corruption is just a symptom of Brazil’s deeper issue: a vast state apparatus that has tried to be the country’s engine of economic growth
“The problem is, from time immemorial, Brazil’s political leaders only see one way forward, the growth of the state,” said Fernando Henrique Cardoso, a former leftist intellectual who sought to reduce the size of Brazil’s government while president from 1995 to 2002. “But you need another springboard for progress, that doesn’t exclude the state but that accepts markets. This just doesn’t sink in in Brazil.”
Today, the Leviathan is sick. Brasília is embroiled in a sprawling embezzlement scandal at the state oil company, Petróleo Brasileiro SA. Investigators say that politicians, oil executives and businessmen conspired for a decade to siphon billions of dollars from the firm, channeling money to Swiss accounts and the slush funds of major political parties."
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