In 2012, Marcello, the Wandering Trader wrote “The powerhouse of South
America and the home of beautiful women known the world over. Brazil has become an investors paradise with a massive common market and regulations that have been eased to promote growth and investment.
The upcoming years will prove to be the launching pad for Brazil with unique global events such as the World Cup in 2014, 2016 Olympics, and even the recent Rio +20 event. All of the events are forcing Brazil to clean up its act and start playing at the new world standards.
There are little things that still plague the country, a small example would be how I had trouble finding reliable internet to day trade in Rio De Janeiro. That doesn’t mean that Brazil’s economy won’t continue to grow.
It will continue to be engine of growth in South America and start to be the new anchor in the region as countries start to rely less on United States and more on Brazil…”
The reality of the 2016 Olympics mirrors the push-me, pull-you nature of a country trying to find itself. It was the darling of the future in 2012. A new president Obama sent a healthy portion of billions earmarked for oil exploration and development in Mexico, Central, and South America to Brazil to develop its expansive deposits to liquid gold. Brazil also boasted agriculture, alternative energy, and all the riches its vast resources of the Rainforest. Today, body parts are floating in the bays and a growth rate that vanished to zero, re-emerged only to grow negatively.
All is not lost, however. The future remains unwritten; the potential for a greatness bedded in the foundations of trade and freedom lies restlessly just below the surface. The Atlas Network recently published Brazil’s Ideological Crossroads: Menos Marx; Mais Mises a story by Eric D. Dixon. He points out that “…The people of Brazil are angry at a system that has failed them, and ready for change. As Nobel laureate economist Milton Friedman observed, real change usually happens only after a crisis, and “the actions that are taken depend on the ideas that are lying around”. Atlas Network partners in Brazil have spent years laying groundwork for the ideas of liberty to be present at this moment, to provide a beacon of reason and hope amid a turbulent political and economic storm…”
Looking for a quantum of liberty? A reason to hope? Something optimistic? Read Dixon’s story.