How Socialism Ruined My Country
5-Minute Videos | PragerU
PragerU
4.8 • 6.9K Ratings
🗓️ 10 January 2019
⏱️ 5 minutes
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| 0:00.0 | Many American millennials seem to be drawn to socialism. |
| 0:03.4 | They came out in big numbers for Bernie Sanders in the 2016 presidential primaries. |
| 0:08.6 | They rail against capitalism and their college campuses. |
| 0:12.0 | They wear chaguerbara t-shirts to signal their socialist virtue. |
| 0:16.2 | I know a lot about socialism. |
| 0:18.0 | I live in Rio de Janeiro and I work throughout Brazil as a journalist for a popular magazine. |
| 0:23.5 | In the early 2000s, Brazil's economy was growing rapidly. |
| 0:28.1 | The government had enacted economic and monetary reforms |
| 0:31.5 | and invested holdings in some state-run companies, |
| 0:34.7 | giving the private sector more room to breathe. |
| 0:37.5 | Inflation, a chronic problem in Brazil was dramatically reduced. |
| 0:42.4 | Forging investors poured into the country eager to catch a portion of our expanding economy. |
| 0:48.4 | The future seemed promising. |
| 0:50.6 | But today, our economy is in shambles. |
| 0:53.3 | Unemployment and debt are massive and powerful politicians are being investigated for involvement in the largest scandals of fraud and corruption in the country's history. |
| 1:03.6 | What happened? |
| 1:04.9 | In 2002, a socialist politician named Lula da Silva ran for the presidency. |
| 1:10.6 | He was a socialist but painted himself as a modern, cool kind of socialist. |
| 1:15.8 | He would be the politician who would heal national divisions and unite everyone. |
| 1:21.2 | He even had a nickname, Lulinha Paisiamur, which means little Lula peace and love in Portuguese. |
| 1:28.0 | But the old message about the need for income redistribution to decrease inequality was still there. |
| 1:33.0 | The media, academically eaten celebrities, |
... |
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