Ask HN: How do you see Brazil?

Post by meiraleal » Sun, Oct 22, 2023, 9:16 AM UTC

rescbr wrote: post #33

PaulHoule wrote: post #13

Earlier quoted context omitted.

My take is high tariffs on high tech stuff holds Brazil back.

The issue is not the tariff rate per se, but the extremely complex and dysfunctional tax system that benefits the king's cronies. One example I like to use is the price of dishwasher detergent. Take in account that having dishwashers is a luxury in South America. A brand-name ~5 lb dishwasher detergent powder package retails for $ 6.50 ($ 7.10 if we consider sales tax) in the US. Last month I've been in Argentina and…

> Last month I've been in Argentina and saw that a brand-name 5 lb package which is imported(!) retails for something like $ 7.50 w/ tax

And that is why Argentina is broke and Brazil's real is the strongest south American currency. I'll take that over cheap dishwasher detergent powder any day.

Post by matheusmoreira » Sun, Oct 22, 2023, 5:42 PM UTC

LastNevadan wrote: post #34

morkalork wrote: post #32

Earlier quoted context omitted.

What I don't get is why Argentina's economy has so much problems and inflation compared to Brazil, what is it they are doing differently? Why don't they do whatever it is Brazil is doing to be stable?

I'm no expert on the topic, but I think that Argentina has more of a tendency toward socialist economic policies. Argentina is especially known for Juan Perón [1], who implemented a lot of socialist policies that were quite popular with the working class but were not generally helpful for Argentina. [1] https://en.wikipedia.org/wiki/Juan_Per%C3%B3n

Brazil has the exact same unfortunate tendency. Hell there's a literal socialist in the presidency right now and countless others in power. President fancies himself the creator of some kind of latin american soviet union.

Re: Ask HN: How do you see Brazil?

Re: Ask HN: How do you see Brazil?