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May 12

Brazil Collapses under Socialism

angui

Like Venezuela, Brazil has been on a government-growing binge. Government “workers” have been given increasingly favorable pension and payment packages. Many retire young and live as barons at taxpayer expense. See here.

But the socialist trend of the past 15 years is now producing negative returns in Brazil. The economy is collapsing. See here.
Now the legislature is impeaching the country’s powermad socialist president. See here.