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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.96-1.8%Nov 14 4:00 PM EST
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To: THE ANT who wrote (91542)6/17/2012 9:23:57 AM
From: elmatador  Read Replies (1) of 217823
 
Brazil reached an economic level that to growth steadily at the potential level of 4% requires deep changes in the economy to allow for that 4% growth.

Brazilian governing elites already extracted all the economic growth that the present degree of freedom allowed. Consumption-led growth is easier and faster than investment-led growth.

Investment-led growth needs the dismantling of the elites' agreements set during the late 60s and early 70s during military regime. I contributed that to Clownbuck explaining the power sector which illustrates the issue I described above. Message 28201943

That means economic start running in 'political time' rather than in 'market time'.

If you try to free a certain sector, say airports, you touch all the established local interests.
Investors that bid for concessions, property owners, construction companies and civil servants. All those actors -with the regulator in tandem- have a member in the senate and parliament defending their own narrow interests. The big mouthed free press will broadcast to the populace the interests they choose to sponsor.

That scenario goes for harbors, power generation, roads you name it.

This type of issues are understood in Brazil by perhaps 10 thousand people among a population fo 200 million.
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