Why austerity is not working?
Current World Bank projections show up to 3.6 million people are expected to fall back into poverty this year in Brazil | Image from Wall Street International.
) Brazil is not a poor country. With a GDP of roughly 1.8 trillion dollars, and a population of 210 million, what we produce amounts to US$2,830 per month per four-member family.
In Brazil, living with the equivalent 15 thousand Real a month would be a dream for most families. In fact, a moderate reduction in inequality would be sufficient to make sure everyone has a dignified and comfortable life.
This simple way of presenting the situation, not in yearly per capita, but in monthly family income, helps bringing us down to earth. Our challenge is not the lack of resources, but the social and political organization gap. To put it more bluntly, we are facing social and political chaos.
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