Replies to post #10680 on The Rising Influence of Rising Affluence

[OakesCS]

"I distinctly recall winners and losers being picked by the government during the 2008 financial crises. Dilma's 8% popularity and the backlash against corruption could turn out to be a positive. "

While the 1st sentence did happen, and is still happening, in the U.S, your postulate in the 2nd sentence is likely optimistic. I think the masses in Brazil are angry, not out of principle, but because the politicians are skimming from the pot that the masses see as theirs. I doubt if the wealth transfer mentality will change after dilma is gone or after commodities prices recover.

Brazil is nowhere close to being a free market and even before the commodities collapse it was a difficult country to do business in because of over-regulation on how non-Brazilian companies could operate.