Channel: Learn Liberty

Category: Education

Tags: brazil richeconomy of brazilbrazilthe economics of braziljair bolsonarobrazilian economyrio de janeirorio de janeiró favelabrazil economybrazil economy explainedbrazil historythe economy of brazilbrazilian economy explainedbrazilian economy under bolsonarobrazilianlatin americasouth americabrazil poorpovertythe economy of brazil explainedbrazil politicssao paulobrazil economy documentary

Description: Brazil is a massive country with a TON of natural resources. So… Why isn’t Brazil Rich? It even has the most important resource: more than 200 million hard-working, innovative people. (Click CC to see subtitles). Yet Brazil remains poor, especially relative to the United States and European powers. This video seeks to answer the obvious question: Why? There’s a clear answer, but naturally, there’s nuance to it. To help us understand, we spoke to economist Samuel Pessoa, Head of Economic Research at the Julius Baer Family Office as well as Elena Landau, Chairman of the Academic Board of Livres and a key player on the teams that helped privatize some of Brazil’s biggest companies. Among other topics, they touched on the history of land ownership in Brazil, why state-owned companies are inefficient, and how impoverished communities worked together during the COVID-19 pandemic, in the absence of the government’s help. Our interviews with them are in Portuguese. Please hit the “CC” button beneath the video to see English subtitles. 0:00 - Introduction 0:37 - Samuel Pessoa 3:42 - Elena Landau 7:38 - The Complexity of Brazilian Taxes 10:08 - Privatization 12:50 - Other Reforms 14:24 - Conclusion For more background on poverty in Brazil, see Deed to Dignity, our recent video about favelas and property rights: youtube.com/watch?v=E-jFdh_W7Yo #propertyrights #privatization #letpeoplethrive #LearnLiberty FREE LEARN LIBERTY E-BOOK: Download now our Liberty 101 e-book. The only e-book you'll ever need to understand over a dozen of libertarian concepts: learnliberty.org/liberty-101-ebook LEARN LIBERTY: Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at learnliberty.org.