It's on every newspaper, all stock analysts, everywhere - Economic crisis !
Once moving outside Denmark and Europe, I am getting a much more objective view on the situation in DK and Europe, compared to Brazil.
Much of the news covering Europe and US tells about all the bad things, companies cutting down on employees, moving production to lower-salary countries, selling factories to the Chinese.
Greece, Spain, Italy, Portugal, Ireland etc are in debt crises and their governments are cutting the costs. It's easy looking back, but "Stop spending borrowed money!!" should have been obvious, mostly for the politicians. Many private people have been taken higher loans, in their real-estate or just cash loans for spending on goods (produced in China), vacation, fancy new cars etc.
The politicians and lots of people blames the crises on the banks and financial institutions. One politician from a danish government socialist party says: "If I am elected new president of our party, I will start a war on financial institutions". For me this is crazy !
It's way too easy, and comfortable, to blame it only on private banks, but it gives a lot of votes...
The politicians and private persons that enjoyed the expanding 2000+, for borrowed money, have to pay back the loans. Take your responsibility !
Still they keep producing everything from China (well mostly) and helping them grow - and people still buys products produced in China.
Why not move the production to the countries in crises in Europe instead ?
According to EU there are now close to 17 million unemployed in EU or close to 12% and still rising...
In Denmark the unemployment rate is lower (ca 8%), but still there are many unemployed on job-training courses and in bad health, not included (nicely hidden in statistics).
With just over 50% of the population in DK working (32% of which works in public sector according to this), and the rest receiving some kind of money from the government, DK is gonna have problems in the future.
The politicians have a very "clever" solution => higher taxes !
Just like peeing your pants - warm in the beginning but very cold later :-)
Comparing all this to Brazil can be a very long explanation.
From my eyes, people here have to work to get money, so they work. For many people its very hard jobs and for many for a very low salary. But the thing I like is that you keep most of the money yourself (low income taxes) and you have possibility to become rich - if you work. As the lowest basic salary is very low, there are lost of jobs (lots of service jobs).
In Brazil there is a huge difference from rich to poor, which it's not in DK.
The economy in Brazil is still increasing and getting better, very much helped by all the construction and organization work towards all the coming sports event (World Cup 2014, Olympics 2016, etc), high import taxes, tax benefits for foreign companies to setup production in Brazil (instead of importing).
Brazil is also very rich on natural resources which helps the economy, but Brazil has been through a long period of time with paying of foreign debt and hard times... Now it's Europe and US term to get to work.
What I am very surprised about is the arrogance from the western world.
Brazil is still known as a developing country despite:
- 6th biggest economy in the world (no. 5 in 2017 according to CNN, Money)
- 36 $- billionaires (according to Forbes magazine)
- biggest city São Paulo has 11mill inhabitants (20 mill incl. metro), S.P. is the 10th biggest city in the world on purchasing power (6th largest in 2025 estimated; according to wikipedia.org).
- second biggest is Rio de Janeiro with 12 mill inhabitants incl. metro area
- 200 million people living here
Looking at the average GDP per inhabitants of all Brazil, that might not be high.
Brazil is a very powerful country, with lots of resources and lots of low-paid labour, willing to work - so the future seems bright !
Why is the western world then so arrogant ?
Hmm.. maybe they are just so jealous.... !
No comments:
Post a Comment