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by Jerome a Paris Strong Economy Propels Brazil to World Stage This is exactly the opposite of what has happened in the US, and it is boosting growth, as spending by the middle and lower classes increases sharply. And it is the result of strong re-distributive policies, aimed specifically at combatting poverty amongst the worst-off. And it has happened under an unashamedly leftwing government, led by a former trade unionist.
Oh, of course, the NYT tries to soften things a bit:
Despite investor fears about the leftist bent of President Luiz Inácio Lula da Silva when he was elected to lead Brazil in 2002, he has demonstrated a light touch when it comes to economic stewardship, avoiding the populist impulses of leaders in Venezuela and Bolivia. There is a "light touch" (which presumably means not too much regulation) and "respect" for financial markets (meaning, I'm guessign again, no unreasonableincrease in taxes or wages), so it's not all so bad, right? But this would seem to demonstrate, surprise, surprise, that progressive policies are not incompatible with sound economic policies. In fact, leftwing policies consistently show better results for everybody, except possibly for a very thin layer (the top 0.1% at most). But we know what the goal of "reform" and "growth" is, right? |
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The Left at work | 9 comments (9 topical, 0 editorial, 0 hidden)
The Left at work | 9 comments (9 topical, 0 editorial, 0 hidden)
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