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Comment by fnordfnordfnord | Hacker News Reader

> in 10-20 years the top 3 markets could be China, India and the US.

What about Brazil? (not that they are transparent/credible, but that they ought to have huge economic growth over the next ~20yr)

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It's probably going to be a while before Brazil resumes its trajectory: http://www.economist.com/news/briefing/21684778-former-star-...

Isn't 10-20 years a while? PS thanks for the linked article.

If it resumes in 10-20 years that means it still has a long way to go (not to mention catching up for lost time!).

Sadly Brazil is little better than a middle eastern oil state. They rode a massive bull market driven by China's insatiable appetite for commodities. Rather than use that whirlwind to diversify and prepare for the day that slowed down they appear to have done little. It's very sad.

You could say that Australia's in the same position. We dig up stuff and export it to China. We had a chance to extract some tax from the mining companies but blew it.

I don't think things are going to be very nice here in 10 years.

Canada too. But Brazil's landing is/will be dramatically worse than Aus/Canada.

Brazil has a fundamental mistrust of the free-market that holds it back. It's tough doing business in Brazil.

I've had a little experience with this and I agree. If they can improve here (and what's to say they won't in the next decade), what's left to hold them back?

What specifically about the free market is hold Brazil back? What changes would increase economic output? I understand that import taxes on things like consumer electronics are punitively high, but that's a cross-section of the consumption aspect of GDP. GDP can still be increased through capital investment, fiscal policy and net export growth.

> It's tough doing business in Brazil. Yes, dysfunctional bureaucracy both in the public and in the private sector (government, banks etc.) makes it really hard to create and manage any business. I tried really hard for a while, but it didn't work out.

Brazilian economy crashed hard last year and it is only getting worse.

Brazil is collapsing and there's no light at the end of the tunnel yet.

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