Only the crime is not for beginners. Everything else I find lacking in Brazil. Work ethic being the biggest henerance. Brasil has everything resource wise. But brazilians would rather blame other countries for their shortcomings.
@@coytheboy Sorry,but economy has little to do with how much resources you have,but how you manage and sell it.There are dozens of countries around the globe whom have large scales of resources, but they are poorly administrated usually by the state.Even if you remove the corruption factor ,state companies would still under produce.The tough think about Brazil was always privatizing companies without starting huge social commotion.In the Brazilian mindset,the state should take care of everything and everyone.That roots back as far as 70 years ago,when Petrobras was founded.
3 года назад
In Brazil there’s NO LATIN SALSA MUSIC. For the love of the God.
@Starseedspirit U need to search a little bit more... Brazil has some of the most advanced hospitals in the world, we are one of the best countries considering plastic surgeon, we have literally the biggest Hydroelectric powerplant in the world(in electricity production), we are one of the countries that produce the most food in the world, we are the 2nd largest country in Airport number, only staying behind the USA, and sooo many other things, so before you call us a shitty country at least search a little : )
Up until ten years ago, I had never actually met someone from Brazil (I'm from Australia, the other side of the world). Then one night, like by magic, Brazilians were EVERYWHERE. I think it was mostly because of a change to the visa laws and many came to Australia to learn English. Or maybe Brazilians realised that Australia is a lot safer and speaks a more traditional form of English than North America, so it would be better to study here. Anyway, everyone loves the Brazilians here now. Brazilians festivals are really popular because they're super exciting and exotic for us. The Brazilians seem to really like our music and culture too. Australian bands do really well in Brazil, even bands and artists that are only famous inside Australia do well in Brazil too. I think Brazilians understand our humour better than other countries. Learning English in Australia seems so funny to a native like me though, we're famous for using weird slang and proverbs. But compared to other English speaking countries, Australia is safe, has excellent schools and healthcare, and fantastic weather. Plus they will be popular with the locals as they're so exotic to us.
Here in Brazil Australia is know as the Brazil that worked. It is the English speaker country with the most familiar weather and nature for a Brazilian also.
My cousin lives in Australia. He tried to come back to Brazil because of family, but it became obvious that he would get a better living standard in Australia.
as a Brazilian, I find this video very well researched, structured and verifiable. It makes me think the previous video on Saudi Arabia probably has the same quality.
Brazilian here, great video. There's a lot to talk about from 98 to now but as an overview it worked out great. Just a couple of things: you picked the wrong music genre, which is very disappoint since samba and bossa nova are very well known world wide, and the poor English grammar. But anyways great work overall.
@@alt1f4 Both the Brazilian government and the previous government are to blame. Lula was part of the 2015 Brazilian economic disaster, as you surely can remember.
As an economist, I must say that this video it is very well produced and presented. Congrats! Btw I really liked that you guys used graphs and data to support all evidence. :)
Hey economist, do you think Brazil have future? Brazil just stopped growing since 2015 crisis, I don't know if Brazil can grew 4% - 5% per year again like 2000 - 2010 when Brazil was said to be the 4th largest economy by 2050
@@minionslegion3399 Unfortunately, Brazil has no future. Not in the short term. We're having elections this year, both the government candidate (Bolsonaro) and the strongest opposition candidate (Lula) are well known for damaging the economy by taking massive loans to buy political support. Lula, which is leading the polls, was part of the government that brought the 2015 Brazilian economic disaster. He has stated numerous times he'll follow the same steps again. Things do NOT seem to be going in the right direction right now.
O Brasil está estagnado. A única forma de mudar isso é mudando todo o sistema de privilégios e a enoooooooooooorme (e de desnecessária) carga tributária; só assim o Brasil será o país do futuro.
i'm from indonesia But I like brazil because the citizens of Brazil are known to be friendly, most importantly Brazil is the best football country in the world. 🖐🖐🖐
Brazil's worst problem is public spending and expansion of the state. It is very easy and popular to create expenses and social programs, but try to reduce it by 1% and you will get a hell of negative reactions. Public employees can't be fired and have stability, so Brazil reached a point where it is necessary to mantain high taxes and bureaucracy to pay and justify the public workforce. Then, the country is less competitive and productive.
@Klauss Bmann Brazil has some social programs that even 1st world countries don’t have. Look at government expenditures from first world countries and compare them with Brazil. We are not a rich country and tho there are billionaires for the size of our country we are actually have few we are the 7th largest economy and the 6th most populous country but only in 13th in number of billionaires. We absolutely can’t afford our social programs and that’s a fact.
@Evil Commie We aren’t America. We are in the top ten GDP in the world and we are spend way more on social programs than country richest than us proportionally. We don’t have a lot of loopholes like america so companies actually pay taxes. I am with you on churches tho, they should definitely be taxed. Again compared to any other Latin American we spend way more than them in basically any sector (taking population into account) yet Chile or Costa Rica or Uruguay are doing way better than we are. Taxes in our country is extremely high too, higher than in the US for example. We are broke and keep spending like if we had infinite money. 40% of the government goes to retirement. The second and third biggest spending is health care and social security. We overspend way too much and that’s just a fact. We urgently need a fiscal reform or we will go broke like Argentina.
Brazilian here, I'm impressed how accurately this video has nailed it. When I was a kid we got to the point of having 70% inflation in a single MONTH. Things were so bad the Sarney government had to cut three zeros on the currency TWICE, like from now on, 1.000.000 cruzados is actually 1.000 cruzados novos. The bills were the same, just with a government stamp showing the new value. Economy was so bad, the dictatorship ended peacefully. No violence at all. The military government was so discredited, they simply appointed the new civilian transitioning government and left for good. Still nowadays we have the same problems we had at that period: ambitious plans based always on massive debt, corruption and a non-functioning judicial system that is incompetent enough to allow 98% of crooked politicians to evade any punishment.
As a Brazilian I can appreciate how this video contextualised very well the consequences of Brazil’s history of half-hearted reforms. Well done. However it was frustrating to see almost complete lack of political context for our more recent history (2003-present). There’s an intimate relationship between structural corruption, political stability and credibility, immense inequality and lacklustre general development, full of ups and downs, that is worth getting into. Taking that into perspective the current scenario in Brazil all comes together. I know. It’s a cluster f*. Specially when you start getting into Fed. Police’s Operation Car-Wash (2014-present) I would love to help with follow-ups to this video. As well as adding Portuguese subtitles. For free.
In the Last 10 years, the Brazilian economy had no growth! The middle class in Brazil was a illusion, a middle class with money to buy a TV, a car, a refrigerator, but no basic sanitation. More than half of Brazilian households do not have access to sewage treatment and 16% to treated water. The indicators of education and health did not get better in this time period The PPP of this country has become a joke, and the price of food is skyrocketing A poet once said: the way out of this crisis is the airport.
@Super this is the point, people have come to the middle class, and are inserted in the consumers market, but, don't have a treated sewage system, some times to treated tap water, and the access to services like Heath and Education are limited
@Super When he talked about the "Middle Class" he was talking what here in Brasil called the Nova Classe C/New C Class , it's basically a name for enrichment of the families of the lower class especially of what you could call the Blue Colour Workers( we have different way to talk about income and working classes but it's good analogy). Here in Brasil when we say Middle Class/Classe Média we are speaking much more of the Upper Middle and proper Upper Class ( I think it's similar with thinking about the Middle Class in South Africa). But beyond that what he said was pretty much true, the last Boom of our economy was really good at generating consumer spending without really changing the productivity ( and consequently the real GDP per Capita on the long term) of the workers. And I don't even know to being taking about the workers in informality.
You forgot to mention that our actual economic crisis (I am brazilian) isn't just a matter of economics but is also a political matter. This crisis we're living here started at the beginning of Dilma Roussef's first term in 2011 and became worse when she started her second term in 2015. Most of this crisis is there because her government had hidden its expending in what had become known here as fiscal pedaling. She has also granted many taxes and tributes to a zero percent (especially combustibles) in order to control prices. She has also subsidized many other things to a level it became unsustainable. This is more of a political-economic crisis than a economic crisis alone. And the other two governments following her impeachment in 2016 had not succeeded to control over economy. On the other hand, they worsened what wasn't good. Even when they started a economic reforms to attract more foreign investors. It still not working yet.
they didn't intend to analyze the crisis beyond the 2000s. Also what you said is far from the complete picture. The crisis that exploded in Dilma's terms didn't suddenly start at her first term. She inherited problems from Lula, who inherited problems described in this video. The external factors of the 2008 crisis and the cooling down of China's economy were also extremely significant for our economy. If they were to analyze all of this, this video would have 46 minutes and be unwatchable for the viewerbase.
@@renato360a Yes, exactly. But Dilma's terms have worsened what wasn't really good. Of course it is not just her fault alone. We could blame National Congress too for much of this problems, specially the left wing parties that doesn't want a complete opening of Brazil's economy. But I still say, much of our actual crisis is a consequence of Dilma's policies over economy while in her first term. That is a bill we are still paying for. And of course our actual government of president Bolsonaro is not doing well in managing Covid-19 pandemic and its consequence to the economy. It's a recipe for a perfect disaster.
@@IsraelAndersson of course you are not wrong. If we had a better government for the last 20 years, we could be in a much better situation, perhaps rivaling India. But it doesn't take away from the fact the country was already fucked up throughout the 20th century. Also I think you underestimate a lot of the damage that Lula did during his terms. His metrics looked good, but his bad policies were of the kind that only show symptoms in the long term, leaving Dilma to inherit much of the damage.
@@renato360a I am centering in Dilma's terms, all of them, because those were in consequence of mismanagement of 2008 crisis by Lula's government. I am not underestimating him. Of course he had used the same things Dilma did to sustain his popularity. As you say, Lula's bad policies over that crisis had consequences in the long term but they had some visible results immediately. That's why his popularity skyrocketed in 2010 at the end of his second term. And of course, the consequences of 2008 crisis we are feeling from 2011 onwards. I am centering in Dilma's terms for the political reason it has had since then. Her and her party and even Lula are to say that they were overthrown from power in a coup. It isn't true. But they used it to convince their electors. They believe until today that they never governed because the "right never allowed us to do so". It obviously isn't true either. They still use their economy disaster as a symbol that "at that time, Brazil was happy". And we know, again, it is far from the reality. Their economy policies worsened what already wasn't good. But they made us think it were.
You stopped at 2003: the last 17 years were ruled by very corrupt politicians that grew the state debt even larger than the military dictatorship, especially, internal public debt. The stock market continued to solidify thanks to the stability the Real currency gave to Brazilian and foreign investments in the country. Also, the banking system in Brazil, at the expense of the average population, expanded and profit a lot. Reducing public debt is paramount here!
As a Brazilian I have mixed feelings about this episode. Happy to born after “the Plano real” , however ,sad of the poor performance of the country . luckily I live in Mato Grosso , so the last part it isn’t a big issue, due to a strong economic growth/performance of The state
And again, they show an image of Barcelona thinking it´s Rio -_- Barcelona at 00:58. Frankfurt am Main: 07:10 Write on the comments if you have found more :)
That Frankfurt part does look a bit like Rio's business district. But yeah they should use the proper footage. Now that Barcelona clip I've seen many times in videos about Rio, and can't understand how they haven't figured it out it's the wrong footage, just because it has a Christ statue doesn't mean it's Rio lol.
Grant, great job with this channel. I thought when Simon left out was going to go downhill. Not the case you've done well. Thank you for keeping a great channel going strong.
It was the "Royal" plan, not the "Real" plan. The word "real" in Portuguese translate to both "real" and "royal" but the name of Brazil's currency is a revival of the currency of Brazilian Monarchy of the XIX century. Back then the Brazilian currency was called "reais" (plural of "real") or "réis" as It was shortened in daily life.
Actually, the "real" is an abbreviation for unidade real de valor (URV), an intermediate virtual currency used towards the cruzeiro, and eventually became todays currency the real. It's real as in real, not royal. en.wikipedia.org/wiki/Unidade_real_de_valor
@@michaelgoffredi9364 You are right we in Brasil always think of the Real Plan and our currency as meaning "Real" not Royal. In truth we can add that the Real Plan was a joke/marketing because before that we already had have 3 freaking plans trying to stabilise our currency, so the Real Plan was markted and effectively came to Really Work.
@@caiocaguiar9310 URV was a fake currency but it really made hyperinflation disappear overnight. Indeed, Simon Whisle made a video three years ago about the top ten crazy plans that actually worked. The Royal plan is there. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-dk13LvcVheI.html
@@michaelgoffredi9364 Don't know your age but I still remember back then some commentators back then if we were going to bring back to our vocabulary expressions like "duzentos mirréis" (ancient Portuguese for two hundred thousand "reais") or "um conto de réis" (ancient for one million "reais").
Supermarkets would change prices from products by the minute, people while buying their groceries would hurry in the supermarket to get the products before the store person changed the price tag.
thats nothing. look at venezuela, zimbabwe and argentina. This is what happens when the government controls everything in the economy, and they call it socialism
Get up, work as hell, make money, spend It all on liquor, face a massive hangover, become homeless and start again. It makes me tired, but I actually enjoy being a brazilian.
Thank you so much for the informative video! I am 21 years old and I experienced the 2014 crisis, and unfortunately what is most lacking is information, as much as Brazil is considered a democracy, the government has nationalized and indoctrinated practically the entire press, so when the Brazilian press talks about poverty in Brazil, it always they say something like that the government lacked social welfare policies with the poorest population, but they don't explain anything about how the economy works or how government interference has an impact on people's lives, it's a real sea of ignorance I wouldn't even know this if I didn't have access to the internet!
For all the comments about grammar, the original visualpolitik channel is owned by spanish guys. they are not well known for their prowess with languages give em some slack
You missed a couple of pieces there. - Sarney applied the Cruzado plan, that artificially froze the prices and wages throughout the country, instead of applying a real economic plan. - Collor seized all of the brazillian savings accounts and ended up impeached. - The bureaucratic system and the high taxation is a huge break that stops people from starting their own businesses and hiring people. - The "checks and balances" system doesn't work. The legislative part only create laws when it's in their interest, so the judicial part "legislates" through jurisprudences, and the executive part executes whichever law they want to (this ends up in corruption or complete lack of development in some cases). - Countless cases of multimillion dollar corruption scandals, one after another. - The Bolsonaro question. - Politicians that keep the country selling soy, meat and other raw materials instead of investing on universities and developing technology because most of them are farm owners themselves. All of this just shows that Brasil is not a safe place to invest, and the government doesn't care. It thrives off of it, as a matter of fact.
3 года назад
He didn't. It's not a brief about Brazilian economy but if stocks is the way to go to protect your resources in case of emergency.
Russian population 144 million; Russian GDP 1.48 Trillion USD Brazil population 212 million; Brazil GDP 1.44 Trillion USD Russia spends billions on Space programs, advanced military weapons, and expensive infrastructure. By contrast, Brazil spends a few cents on each. Russia has poor people, but no massive favelas. WTF Brazil's $ goes????? BTW, both Russia and Brazil are slightly less than 10% of US GDP.
Brazil is a tough challenge, I say that as a Brazilian. Crony Capitalism(A system where state and mal-intendend entrepreneurs benefit together in spense of the people) has ruled here for decades.
@@brazilianknight5309 I've seen Brazilians with no teeth, black teeth and no shoes. Obviously by his accent he is British. The comment is meant to be satirical. You're welcome!!
Fernando Henrique Cardoso is a sociologist=swindler. It was the economic team led by Gustavo Franco, Pedro Malan, etc the real heroes. Cardoso an oportunist that took the fame for something that he doesn't understand: economy. Fernando Henrique Cardoso send financial aid to help Hugo Chaves to remain in power, responsible for today's Venezuela's tragedy.
Another thumbnail suggestion. Maybe “How the crisis of Brazil started.” “How Brazil’s Crisis Started.” “How did the Crisis of Brazil Start?” Or “How did the Brazilian Crisis Start?”
Congratulations for this content. Furthermore Brazilian economy is one of most vibrant economies around the globe. Its was remarkable specifically in industrial and services.
Now, if you guys want to know about the economics in the 2000's and after, here is an explanation: After 1998 crisis, austerity measures were adopted in the form of "Lei de Responsabilidade Fiscal" and "Tripé Macroeconômico", that again stabilized Brazil's economy, although slowing its GDP growth. Just before the election of the next president, Luiz Inácio Lula da Silva, he released his 'carta ao povo brasileiro', trying to tranquilize markets and investors, marking an 180º spin in his former agenda in the 90's. During his first government, he hired an economic team composed by fiscal conservatives like Ministro da Fazenda Antônio Palocci (by then an unkown physician from Ribeirão Preto/SP) and internationally renowned bankers like Henrique Meirelles and Marcos Lisboa. And that first government was marked by a continuation of former president FHC economic policies, the beginning of 2000 commodities boom, and several improvements such as Bolsa-Família. And also Mensalão Scandal. Sadly, after the start of his second term, most of his first economic team had left and others took place: Dilma Rousseff, Guido Mantega, Luciano Coutinho and several others. After 2008 crisis, they started adopting 'countercyclical' fiscal policies. At first, these policies worked, but they represented a new 180º turn for Brazil, dismantling fiscal responsability in the long run and opening public budget in favor of corrupt lobbyists and a cartel of construction firms. By 2013, in Dilma's government, inflation was already out of control, above the goal ceiling, even after she implanted price controls in fuel, forcing state-owned Petrobras to sell bellow market costs (in 2013, it actually became the most indebted company in the world according to Bank of America, with a debt of US$ 112,7 billions); and price controls in eletricity (in what is known as "O 11 de setembro do setor elétrico" or Electrical Sector's September 11th). And not only private investment was decreasing each year, gdp growth was also slowing down. After her reelection, price controls were removed (they could no longer be mantained) and the whole economy came crashing down and inflation rose even higher, getting to two digits. And Operation Car Wash discovered major embezzlement in several public works executed by that construction cartel, specially regarding Petrobras. Not only that, but the corruption system had reached 11 other countries in Latin America and even countries in Africa, such as Mozambique and Angola. Here in Brazil it became know as the "Petrolão" scandal. Yes, Brazil has always been a corrupt country, but "Petrolão" was something like this country had never seen before. In 2016, Dilma was impeached and her vice-president Michel Temer assumed presidency. He was also heavily involved in corruption scandals and is, to this day, perhaps the most hated president in Brazil's history. Nevertheless, in his two a half years of government, Henrique Meirelles again returned to assume as finance minister and 2014-2016 crisis finally ended. But the lack of structural reforms from then onward and the long lasting damage done to fiscal accountability guaranteed that Brazil became poorer, that GDP recovery would come extremely slowly and that 2010's was considered a new Lost Decade.
Being someone from the States and that now lives in Brazil, I can accurately say the Brazilian government is more interested in Social Welfare. It spends a bit less than 40% of GDP in social programs (near to what France spends). They have free healthcare, free education, strict workers rights (on par with European standards), and very generous tax and regulatory treatment for small business. The country is firmly set up to support "the little guy", not big business. Like in most of Latin America, it's encouraged to start a business and/or export goods and services. Those that think Brazil is just a simple failure is someone that doesn't understand that the American growth obsession isn't a common system in the world. Brazil is poor, yes, but the economic system reflects Brazilian values instead of the demands of big business. Also, this isn't my opinion of if it's right or wrong, but rather an observation.
Muy interesante el video, es importante también ver las grandes diferencias económicas entre las distintas regiones de Brazil, conviven varios estados con distintos niveles de desarrollo dentro de este fascinante país.
Not sure what salsa is ... besides the stuff I put on nachos. The Brasilian music I recall was Rick e Renner, Chitãozinho e Xororó, and of course Sandy e Júnior. I'm wondering if the 9/11 attack might have been a turning point for Brasil. A Brasilian friend of mine who worked as a tour guide, escorting ("babysitting") Brasilian tourists to Canada ... was supposed to visit me on 12 Sept 2001. Instead, I drove to Montreal and met him in his hotel room, where he was in panic mode all day long, attempting to figure out what to do with hundreds of tourists, who had no hotel bookings 2 days hence ... and no means of transport back to Brasil. Soon after this, tourism everywhere practically collapsed, my friend lost his job as his company went bankrupt, and the Brasilian aircraft industry took a huge hit.
Aerial view of Barcelona at 0:59 to illustrate Rio. And the choice of music was unfortunate too. A little too eurocentric. Still, nice video Ps: the correct translation should be "royal plan" instead of real plan.
We have a saying here: "Brazil is not for amateurs!" Things are not going well here and despite some reforms, a lot of people still rely on the Government to solve their problems. We are an uneducated people and our politicians know how to fool us, unfortunately.
@Klauss Bmann Education and free market. A lot of people still do not know how to read in Brazil (5% knows how to speak English). Brazil's economy relies a lot on the Government and, since there are tons of corrupt politicians, they control what it will happen (usually acording to their interests). Rio de Janeiro, for exemple, is so corrupt that all our ex state governors are in prision for corruption somehow.
@Klauss Bmann Less government intervention. I am not a libertarian, ok? But the State does not help us in anyway here. It's hard to do business, the burocratic system is corrupt (and we depend on them), the taxes on products are very high. We tax both the wealth and the products. The politicians want us poor, so that they can offer an magic solution and fool the people again with their promisses.
I'm brazilian and this video helped me to understand better the transition from Cruzeiro to the real. Plus there is not that many videos talking about the Asian Crysis.
Great video. If I may give some feedback though - the switching to music when you stop talking is really weird and abrupt, especially because the music only lasts for like 1 second. Honestly, music is not needed most of the time - it should only be used for dramatic effect sometimes.
it seem a lot economies in develop world go through rapid up and down. with Mexico is mostly slowly up. I think in ten years time mexico companies start to competitive with USA and think I see more Mexican products other than carbonated water.
Brazilian politics seems to be like a clogged toilet that no matter how you try to solve by flushing, the problem gets even worse. So, the aftermath is: you waste fresh water that could be used better and mess up everything around that.
Yeaahhh, but they write with Z. Do you write England in portuguese? Or you forget the accents in Australia or Colombia? Maybe prefer to say Hellas instead of Grécia...
1. The musical track is fine. It bodes well with the footage. Salsa is fine. It beats the crap they are broadcasting these days. 2. Teeth is fine. He is a Scottish man. I am not listening to a 3. The past perspective is well thought out and laid out. Good job. In simple terms, new foreign money coming in, overall economy improvements.
Hi Visual Politik, can you do another segment on South Africa's debt and corruption because I genuinely feel as if South African's do not understand the depth of our corruption crisis.
You didnt elaborate that. How the hell still did spending public funds for infrastructure a bad thing for them? I mean yes youll be in debt but wouldnt infrastructure ease lives and things like flow of goods therefore attracting more investors? Or is it because they spent more than they can? Or corruption offset those infrastructures? Or they relied too much on government funds instead of allowing private firms to be onboard as well? Shed some more light will you.
There is a lot of salsa going on here. This is not what we listen to in Brazil. Come on guys... Show some respect. Apart from the music, great video, I surely hit the like button! Keep it up.
