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Usury as an Economic System in Brazil

Usury is certainly nothing new | Image from Wall Street International. 10 May 2021 ( Wall Street International)   Usury is certainly nothing new, from the medieval Venice through Shylock and the dramas of Balzac who spent his life writing books to pay off his debts it consists mainly in making money out of money, even if you do not have it. Pecunia pecuniam parit, as it was described. But in modern Brazil it has evolved into a system with cutting edge computers, algorithms and state of the art invasion of privacy. In finance, we are in the age of the naked client. We are at present in a world of low interest rates, but Brazil banks are thriving in a completely different financial environment.

Inclusion and Austerity in Brazil

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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Careless driver badly injured teenage motorcyclists in Ivybridge crash
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Diálogos do Sul: Dowbor | Capitalismo que enfrentamos hoje agrava exploração e gera desastre ambiental

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uol.com.br - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from uol.com.br Daily Mail and Mail on Sunday newspapers.

Diálogos do Sul: Sucesso de Lira estampa vitória da direita sem projeto Ganha o centrão e perde o Brasil

Diálogos do Sul: Sucesso de Lira estampa vitória da direita sem projeto Ganha o centrão e perde o Brasil
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