In hindsight, where did it go so wrong?

>>1714572
Just too much corruption. All the way from the bottom with police officers to the tippy top. It affects everything.

>Corrupt
>Protectionist
>Anti-free market
>very poor social mobility

Former Iberian colony.

>>1714572

>brazil socialism
>every one still is greedy because its natures way
>every one gets broke because everything needs payoffs to push bureaucracy
>thinks socialism works
>only top keks

at least capitalism has efficient payoffs

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They spent all their monies hosting the Olympics 2016

Never go full socialist

>>1714905
sooo... basically Greece with more natural resources?

>>1714941
amen

>>1714905
>brazil socialism
You are retarded. Brazilian government is clearly neo-liberal.

>>1714572
The actual reasons:
China gigantic growth during the last decade was moving brazil. It stopped now.
Since 2008 until 2015 the united states kept its interest rates abnormally low, what allowed brazil to do the same without having capital flee.
There also has been a boom in the oil industry, with the discovery of new pre-salt layer oil(This one is less relevant than the last two)

>>1715528
Someone who actually understands the world.
>>1714700
>>1714674
Someone who has the gist of it but hasn't really kept up with modern economic realities.

Everyone else is an ideologue moron.

>>1715528
>clearly neo-liberal.

hmmm nope

>>1715762
>it's socialist because mainstream media told me so

>>1715528
Can you explain how China's growth was helping Brazil?

>>1715775

Nah almost 2 decades of socialist/communist government usually implies neo liberal policies..

>>1715832

Raw materials purchase

Greece, Brazil, Russia, India, ect such great people, really great. I tell you the best people. Listen to me folks. You're not listening. Listen to me. Best people in the world. Great people. I have a lot of Greek friends. Even in Mexico. I respect them. Very much so. But I tell ya folks, a corrupt corporate culture. Very bad. I would not put any money into a firm in Brazil or Greece or Spain, Italy or you know where I'm going with this.

Germany, Canada, or how about the USA? That's right folks it's gonna be great again, so good. Don't buy any Brazilian firms. It's not worth it. Mexican firms? You gotta ask? Not gonna work out for you. Low energy. We're building a wall, folks, not worth it. You're not listening.

>>1715899
This is very good. Do you have more?

>>1715899
>Unironically correct
t. Brazilian

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>>1714572

History shows you need a national average IQ of at least 95 to have a functional capitalist democracy. Brazil should probably try Chilean style right wing dictatorship with free market leanings and free helicopter rides for adamant communists.

>>1715832
Raw materials.

>>1715856
>Nah almost 2 decades of socialist/communist government usually implies neo liberal policies..
Socialism/Communism is characterized by the socialization of the means of production. What does not happen in Brazil, see the number of big private corporations.
That's pretty evident if you consider the facts that Brazilian elections have a massive budgeds, most of which come from corporations, and that wealth concentration in Brazil has not changed much since the 70s.

>Neo-liberalism
It's characterized by privatization, fiscal austerity, deregulation and free trade.
>privatization
Even thou there have been no recent public companies privatize in Brazil, there has been a great change in public duties to the private sphere. This can be clearly seen by the deposition of the last president. The main argument was against massive loan at low interest made to private corporations in order to provide public services.
>Fiscal Austerity
See reforms in retirement in the last 4 years.
>Deregulation
Oil and mining are great examples. See how much the those industries grew in the last two decades. Previously this was a state-only sector(during a right wing dictatorship btw)
>Free trade
Importing and exporting fees have been greatly reduced. A lot of Brazilian companies expanded world wide in the last years.

>>1715856
>2 decades of socialist/communist government
This argument is also obviously flawed, because as OP shows, during the same government Brazil experienced a massive growth.

>>1715528
It's becoming neo-liberal, but for the past 12 years it has been a populist, socialist shit-show.

>>1716284
>>1716266
>>1715856
>>1715775
>>1715762
It's neo liberal in the aspect that it privatizes all national resources (iron, wood, oil) to foreing companies. It's socialist in the sense that it keeps fantastically high tariffs and taxes. The truth is that in both cases, politicians do that to get favors. Right wing Brazilian politicians will give Brazil's finest resources straight into the hands of multinationals in exchange for funding for their parties and the left wing parties will keep taxes high to fund their own parties. It's a banana republic.

>>1716308
>It's socialist in the sense that it keeps fantastically high tariffs and taxes.
What do you mean by high taxes? The wealth in Brazil pay incredibly low taxes.
Also, see the definition of socialism above.

You can't say that about right and left wing politicians in Brazil. There is no evidence of it. No matter what you want to consider left and right to be, all Brazilians governments kept taxes extremely high and gave natural resources away.

>>1716312
>The wealth in Brazil pay incredibly low taxes.
>all Brazilians governments kept taxes extremely high

kek

>>1716329
I was sure someone with reading comprehension and mental retardation was going to reply.
I obviously meant that it kept the taxes high for the poor and low for the rich.

>>1716223
>free helicopter rides for adamant communists.
kek

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>>1715899
10/10

>>1714572
>>>1715528
>Can you explain how China's growth was helping Brazil?

Brazilian and mining engineer here.

I can only tell from the iron ore perspective, which was my field of work back then.

Short answer is, we had a record volume of exportation with a record in prices. And every Brazilian company in the market had their projections wrong, that the iron ore would keep rising both in volume and price.

Then China stopped buying...

Most of my friends lost their jobs, and because of the projections, they had a lot of debt from buying cars and houses. And that was happening across the entire country.

>>1717161
What do you do now?

>>1717188
Still a mining engineer, but working in the operational field of mining limestone for cement.

Iron ore is getting back on track but I think it will never be as it was in 2007.