To halt Brazil’s decline, Lula needs to cut runaway public spending
"Investors have started to worry" Why is that? From what i've seen (i live in Brazil) the economy is going from bad to worse, the spending is always growing and there's no intent to reduce that...
https://www.economist.com/leaders/2024/07/18/to-halt-brazils-decline-lula-needs-to-cut-runaway-public-spendingOpen linkView original on lemmy.world-41
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Public spending?! The last thing he should want is to take care of the public with a robust social safety net! The horror!
Well if you listen to the fascists crowing about the successes in Argentina. The cost of Transport there has gone up drastically making everything more expensive. But housing costs have gone down on the positive side. Because people are struggling to afford to eat, housing is somewhat of a secondary concern. But the cost came down so that is somehow a win. So of course they want Brazil to make the same mistakes.
Ahh, The Economist, yes...
OP is a Bolsonarist. Call the mods to get him banned
Uhh there's a paywall, but I'm gonna presume they said something to the effect of: "Pweze Impwemewnt IMF style-SAPs and privatize Petrobras. Pweze".