The ROLLER COASTER of the BRAZILIAN economy - VisualPolitik EN
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- Опубліковано 25 чер 2024
- / @visualacademy1661
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Over the last five decades the Brazilian economy has been much like a roller coaster.
Periods of strong economic growth and high expectations have been followed by crises, devaluations and even hyperinflation. This is what happened in the late 1980s, for example. In 1989 Brazil experienced 1,320% inflation and in 1990, 2,740%.
The result is that 50 years after experiencing what became known as the Brazilian Miracle, Brazil has still not taken the final leap forward it needs to become a developed country.
In spite of this, during the last decades Brazil has been a fashionable country in financial circles, something that has much to do with a period of reforms that took place in the 1990s and that has come to be known as the Real Plan. But what did this plan, led by politician Fernando Henrique Cardoso really entail? Did it achieve its objectives? Why has Brazil not yet managed to overcome its addiction to crises and its dependence on raw materials? In this new video in collaboration with Value School, we tell you.
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In Brazil they say "Brazil is the country of the future... and it will always be"
Chicken fly LOL
Brazil country of the future....😆 🤣 😂 First you need ORDER and PROGRESS!!
7-1
You're welcome!!
@@axxessmundi OMG I am sooo ofended, I think I'm going to cry =,(
@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 : )
@@vitorsoaresdomingos2970 huh... Neat
As we say here: "Brazil is not for beginners".
Nao mesmo!
nor amateurs
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.
In Brazil there’s NO LATIN SALSA MUSIC. For the love of the God.
É uma música padrão que eles usam Man, deixe de noia
@@iranfilho7785 ele gosta de timbalada
Lucky bastards.
I found it incredibly offensive too
They insist on pretending Brazil is just another Hispanic nation, it's kinda annoying.
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.
que?
@El Vlady Mirabal que?
@El Vlady Mirabal co?
@El Vlady Mirabal quoi?
Brazil at the time of the dictatorship depends very economically on the industrial and armament many with the help of Iraq in the Brazilian economy
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.
Around '99-'00 there was a big influx of Brazilians to Australia, not exactly sure why but all of a sudden we had 4 new Brazilian blokes at school.
Every Brazilian wants to study in either Australia, Canada or Ireland. I don’t know why. It’s just a thing.
migrated from Brazil to Australia 5yrs ago. best decision i’ve ever made.
“How did Brazil’s crisis started”... good language skills, VisualPolitik 👍🏼
* Good language skills, VisualPolitik. *
There, fixed your comment.
I read it over and over trying to make sense of it
Right!!
I was like what? Did I forget to drink my coffee this morning 😂.
at least they coordinated the hosts teeth with the flag.
Why do so many youtube channels use stock footage of the church of Tibidabo in Barcelona when discussing Brazil?
It must be labeled as Brazilian footage on whatever website they’re getting it from.
Yeah, it's not even similar to Rio. Actually, in the 1920's Rio was supposed to look like a "Tropical Paris". It's a shame we couldn't make it. :(
It looks a bit like Rio de Janeiro's "Cristo Redentor"... except for the whole church building that exists there, I mean.
also spanish music lmao
Brazil at the time of the dictatorship depends very economically on the industrial and armament many with the help of Iraq in the Brazilian economy
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.
i like your coment
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@First Name this crisis that Brazil is in was the fault of the current president of Brazil and he is on the far right
@@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. :)
i like your coment
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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.
I'm not a native English speaker but isn't it: "How did Brazil's crisis start?" Not started...
Fuck yeah
😂😂😂
I think they were going for How Brazil's crisis started. You're right though.
for a grammar nazi like me that thumbnail actually classifies as clickbait xD
yes.
I can recognize that he is english man from his teeth.
I don't want to be rude or insensitive, but yeah. I think he needs to take better care of his mouth hygiene. I hope this is a constructive comment.
Isnt hefrom Czech republic
Well then it seems someone reprogrammed him to speak Scottish.
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.
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Brazil at the time of the dictatorship depends very economically on the industrial and armament many with the help of Iraq in the Brazilian economy
Thanks my friend. We love you all too
I like you my little friend, come to brazil to get drunk with us
Falou do Brasil, eu tive que conferir.
Minha Nação é incrível!❤️🇧🇷
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.
BRASIL COM MENOS IMPOSTOS JÁ
i like your coment
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MONARQUIA JÁ!
Acho que tu tá enganada, kkk
what happened to the original bald guy with the glasses?
Simon Whistler? He's left and basically mass produces these of videos on various other platforms lol.
We have another bald guy now
@El Vlady Mirabal thanks putin
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.
Do a video on the Mexican financial crisis of 1982 and 1994 also the 1997 Asian financial crisis and 1998 Russian financial crisis.
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.
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 :)
I was so confused bc no city in Brazil looks like that lol
This is what typically happens when they don't pay enough to hire quality people in the production team to mass produce infographic videos..
Where did you see any Barcelona image? Could't find any.
@@michaela7759 00:58.
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.
Anyone else still miss Simon
I do, his accent is sufferable
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.
i like your coment
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I always keep wondering why every single channel shows Barcelona (0:58) as Brazil...
Spanish are just too good at marketing their country.
brazil has a secret plan to invade barcelona so they r advertiseing it as theirs to confuse people
@Art Man T-posing Jesus 😁 never heard that one I'll reuse it.
Or Frankfurt at 07:11
@@JanniArens Funny but true 😂😂😂
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.
Brazil at the time of the dictatorship depends very economically on the industrial and armament many with the help of Iraq in the Brazilian economy
This is a good summary! Great job folks!
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
🇵🇹 ❤ 🇧🇷
Claro. Vcs produzem alimento e o mundo precisa de comida. O Brasil exporta mais de 20% dos alimentos no mundo.
i like your coment
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Como tá o emprego aí? Moro no Paraná, aqui tá osso.
You've missed Sarney's and Collor's economic antics. Ahh, so many bad memories. =D
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.
i like your coment 👍
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i like the part where he said the country was relying on central bank financing, and that was the end ...! 😂👍
Congratulations for this content. Furthermore Brazilian economy is one of most vibrant economies around the globe. Its was remarkable specifically in industrial and services.
I have to say I'm totally sorry I am unable to watch this video because of this man's teeth and trust me I do want to watch this
Dude looks like the mouth of Sauron from the Lord of The Rings
Totally agree! I so want to watch the videos but his teeth are such a huge deterrent and that too such a tight frame! Ugh!
Finally you made a video about Brazil!
i like your coment
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Still can't get over Simon! Please bring him back
Brazil will always be a country that has the potential to be a superpower.
So is my country , Mexico
That's if foreigners and traitors don't sabotage Brazil anymore!
We do have the potential. We have always lacked the organization, though
Music (1:00) is salsa! Not Brazilian at all!
Americans think all south american countrys are the same.
And brazils capital its rio
@@emilioduarte7089 This guys isn’t even American though... he’s Scottish
@@walarootus british are the old americans. Prove me wrong
Brazilians: fuck salsa 😂😂😂😂
I guess they think Brazil is a latino-hispanic speaking country 🤣🤣
Holy shit 3k% inflation! Can't imagine what it is like. An egg sold for $1 in Jan sells for $3000 in Dec?
3000%= 30x pricing, still crazy though
my parents lived that time, they say that the price was always different by the end of the day hahahaha
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.
i like your coment
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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
"Abaixo a ditadura, abaixo a ditadura!!!" Bora Brasil
Xô vermelho! Fora comunistas!
@@thomasborth315 É cara, eu concordo, mas a ditadura foi ruim
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.
ua-cam.com/video/dk13LvcVheI/v-deo.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").
People don't translate money names, apart from the Pound. The Peso is called Peso everywhere, not Weights.
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 he is exaggerating
@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.
An illusion
@@caiocaguiar9310 Thx for putting more context
Can’t decide if trolling or legitimately accidental failure of grammar 🤔.
Decent information, just stop cranking the volume. Thanks 👍🏽
All I see in these comments are just nagging and complaining.
Is anyone even get some education out of this video?!
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.
i like your coment
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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.
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.
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.
Great content!
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!
Do a video on ASEAN or RCEP
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
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.
VP: have you ever heard of the Bricks?
Wendover viewers: twitches slightly.
at about 10:00 it is mentioned that a high interest rate has been maintained to attract foreign capital. how is that related?
i just can't get my eyes off his teeth. yikes
The British aren’t the best looking people
🖐🖐🖐 good
I'd take British teeth over Japanese teeth anyday.
@@edk487 Hi, British person here. You’re right lol, definitely don’t smoke if you want to avoid teeth like his.👍
What is the song title in 3:05 3:53 4:15?
It's a Bossa Nova
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.
i like your coment
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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.
That thumbnail sells itself.
i like your coment
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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.
Good video, but why do you keep showing barcelona instead of brazil?
i like your coment
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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.
Why are the titles said in bold speech?
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.
i like your coment
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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.
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.
Only thing i've realised is how many countries were on the brink of collapse before even covid started
It's like taking adverts and making a video around them
Do a same kind of video on India please
I am assuming that whosoever wrote the title of this video didn't have English as their first language.
i like your coment
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If I only I cared this much about my own government history
i just cant stop staring at his teeth
I know
It sends subliminal messages to our minds to buy gold.
Same here, mate......
I thought he didn't brush his teeth,for a sec......
The guy is a smoker for sure...
Well i couldnt watch this video because of that,
Brazil GDP IN 2021 : 🔝 4,5% , with Covid19...
Great results! Cong Paulo Guedes and Bolsonaro.
👏👏👏🇧🇷🇧🇷
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?”
How the crises of Brazil started does not sound good at all. A better way would be How the Brazilian crises started? Or How did Brazil’s crises start?
i like your coment
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Brazil at the time of the dictatorship depends very economically on the industrial and armament many with the help of Iraq in the Brazilian economy
@@sapofeministopepe1159 The comment is about changing the thumbnail title.. I suspect they need to keep it short.
@@MetalWingedWolf the had 5 fifth largest arms company in the world was 8 economy in the world at the time is doing nuclear bomb too
On the last video about brazil the host was Simon, I miss him ;(
Why this guy didn't speak about the period between 2000 and 2014?
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.
Brazil at the time of the dictatorship depends very economically on the industrial and armament many with the help of Iraq in the Brazilian economy
Verdad, algunas regiones de Brasil tienen el livel de desarrollo de Europa, otras de África. La eficiencia de las instituciones siguen la misma línea.
Brazil is a huge country with a huge population. Low life quality, low wages, low education quality, corruption, overall violence, bad laws make the economy a chronic issue on Brazil and the main reason for the rise and fall of leadership.
Onde eu estou? :')
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.
0:58 This is not Brazil
The commentator looks Brazilian with that samba school shirt & vest.
Which member of Iron Maiden is of Brazilian heritage?
Shut up...
@@brazilianknight5309 7-1
@@axxessmundi Have you seen Brazilians with yellow teeth?
This is British because it has a yellow tooth this is typical of British 😖
@@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!!
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.
"Brazil is the country of the future, and always will be."
Just as true now as 60 years ago when it was first quipped
Well,we have the US intervention to thank for that.Search for “Condor Operation” and you will see.
He needs to brush his teeth
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.
I can see the studio lights in those teeth
I can't unsee this...
How it started, or how did it start. Not how did it started.
is simon getting back?
Salsa with a Barcelona footage while talking about Brazil?? lol
_Aahh.. Simon finally shaved_
Visual academy. Yeah thanks but we have Simon for all those things
I love Simon and miss him on this specific channel but that kinda mean 😉
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.
"How did Brazil's crisis started" Yeah, gonna skip this one.
yess
🖐🖐🖐
Brazil is basically the big guy in a room with literally maybe the highest or second highest potential , but , that's about it.
How did it started? I'm neither sure.
it has started with misconduct of President Dilma in her first term in 2011, when she started many programs that increased public expending and debt. Her first crisis in 2011 was her policy on exchange rates, that elevate the US Dollar to Brazilian Real from 1.7BRL to 1USD to a 2.2BRL to 1USD. It immediately increased combustible prices. So she approved a decree to subsidize oil prices and decreased taxes on combustibles to a zero percent. It put much of the problems that later led to the Car Wash operation. Another programs of her government included an increase of public expenditure, some of them were approved by National Congress. Some others, no. These which were not approved later were subjected as her electoral program in the 2014 elections. For that election, all major candidates said Brazil was in the edge of a serious economic crisis if Dilma's government did not change its policies. She, by the other hand, said in the elections that everything was right and the economy was great. Only to win elections. 2 months after winning elections, Dilma increased tax and tributes over services, combustibles and financial operations. The dollar-real exchange grew to 4 BRL to 1 USD. It led to a serious crisis into the new class she claimed to had grown on her first term (the C Class, as seen on Brazilian telenovela Avenida Brasil) and from that moment onwards, she was impeached and 2 governments were installed. Temer started a reform program that limited state intervention and opening economy. Bolsonaro's government still trying to pass some economy reforms. But his mismanagement of COVID-19 pandemic here only worsened this crisis.
There is a grave information mistake on the video. The real plano was not deployed by Fernando Henrique Cardoso, but by the previous presidente, Itamar franco. Neither Fernando Henrique was the responsable minister for the plano, but Rubens ricupero. When Fernando Henrique take the post like minister the plan was already going on end the new currency circulating.
Yeah,you are wrong.Fernando Henrique was Economy minister before Rubens.Just take a look at the dates and you will see.Ricupero took the post of Economy minister after Fernando.Don’t try to correct if you don’t know what you’re talking about.
Brazil is the country of the future, and always will be.
@lit lit Precisely. One of those situations of "always the bridesmaid, never the bride"
The future will reach us someday
Oh god, stop using Rio de Janeiro as the picture of my beloved country.
edit: forget it, great video and precise explanation.
Yes
Such a mess
Where's his toothbrush?!
Where did Simon go?
The vast majority of Brazil's output comes from the natural resources and primary industries of monopoly companies and local big landlord families, as well as supporting financial services and import and export trading companies.
This has led to the fact that the government can obtain good financial figures as long as it serves this small part of the population, and does not need to care about the lives of others, especially because the industrial production of the primary industry has been squeezed into the city by companies and landlords.
But in this world, there are people who need rules and order. If the government cannot give order, the gang will give it.
Then, because these export products are highly dependent on the international market, welfare is given when the price is high and there is a surplus. When the price is low, a large number of people will not only be unemployed but also lose their welfare, further expanding the urban poor and the power of the gang.
does you really bealive that the gangs is to give order, they are just very violent drug selling organizations. Brazil has a very big midlle class to lady, not only rich and poor, the majority actually is the middle class that compose the brazilian market. Its easy to the eyes of a foreingner to be judging brazil without living here, the urban poverty actully is decreasing with the expasion of the braziliian internal market, so, if you think brazil is just rio de janeiro, then you have a big misconception
@@tiagocerqueira5965 Tyranny and terrorism are also "order", it's neutral word.
The Taliban was also an organization that filled vacancies and established order in the ruins of Afghanistan after the Soviet Union withdrew.
@@zetajolyne3689 now you are talking of religuos extremist grops. Grops like PCC is there to control the selling points of drugs and kill who is in the path with no backgroung of religion, only monetary . the people of the poor communities actually are afraid of what you see as order. And you forget that organized criminal organizations exist where money is, that meaning that exist in other countries too, not to give order, but to make money under the police radar
0:58 this is in Barcelona
yes
🖐🖐🖐
@@acornssirius6596 Brazil at the time of the dictatorship depends very economically on the industrial and armament many with the help of Iraq in the Brazilian economy