> "Deeply hostile to capitalism".
They are avoiding a monopoly to surge.
> "Brazil is poor".
I guess one has to travel.
They are avoiding a monopoly to surge.
> "Brazil is poor".
I guess one has to travel.
It's rightly classified as an emergent country. It has deep social and poverty problems that needs addressing even though it's a regional economic force.
Brazil is definitely capitalist but it's hard to do business there - 144th place in economic freedom index.
Not really. GDP is large, but that's only because the population is large. Per capita GDP is around US$ 9k, which makes us poorer than Mexico or Argentina. For comparison, per capita GDP in Sweden is something like US$ 54k.
I remember being taught in school that Brazil is the n-th richest country in the world, and if only that wealth were evenly distributed we could all enjoy a welfare state like in Europe. That is simply not possible. But I guess many people here still believe it because the country has a few highly visible pockets of wealth.