#NewWorldReport: Brazil back to the future Command Economy. Latin American Research Professor Evan Ellis, U.S. Army War College Strategic Studies Institute. @revanellis #NewWorldReportEllis
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 25 January 2024
⏱️ 6 minutes
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Summary
#NewWorldReport: Brazil back to the future Command Economy. Latin American Research Professor Evan Ellis, U.S. Army War College Strategic Studies Institute. @revanellis #NewWorldReportEllis
https://www.reuters.com/world/brazil-backs-beijings-one-china-policy-foreign-minister-wang-yi-says-2024-01-19/
1939 Brazil
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| 0:00.0 | Like some kind of Pizza Ninja, Domino's are slicing their prices. |
| 0:05.0 | Domino's Price Slice. |
| 0:07.0 | Small pizzas now 8 quid, medium now 10 quid, and large now 12 quid. |
| 0:12.0 | Yet we're making cuts too. |
| 0:14.0 | In 11th of February 24, minimum delivery spend, charges and areas may apply. |
| 0:18.0 | To and see see Domino's dot code. UK. Yeah. U.S. Army War College Strategic Studies Institute. Brazil, the new president, who was an old president, |
| 0:35.4 | Lula de Silva, Dateline Brasilia. Investors sold Brazil's real currency after leftist President Louise Lulidis Silva unveiled an industrial development |
| 0:48.0 | plan for the next 10 years aimed at boosting sluggish growth with state credits and subsidies. |
| 0:55.0 | Professor, the reason I looked upon this headline with narrowing eyes, |
| 1:01.0 | the next 10 years, this looks like command economy, five-year plans. Is it? Is this |
| 1:08.6 | Lula de Silva back to the future with all all decisions are made by the executive? |
| 1:14.8 | Well, there's a number of things going on here, John. |
| 1:18.2 | It certainly has to do with the style of Lula and his workers party government. |
| 1:23.7 | But first of all, of course, Brazil's growth |
| 1:27.0 | is way down from what was expected. |
| 1:29.7 | The new calculations came in predicting about 1.6% growth. It was about 3% last year. They'd hoped for more and so there's a broad pressure for jobs and stimulus. But also, it's interesting to recall that a long running theme in Brazil has been the use of |
| 1:48.1 | industrialization for development. |
| 1:50.6 | If you go back to the 1970s and 1980s, something was called |
| 1:54.7 | import substitution industrialization in Brazil. It was this idea that there's |
| 1:58.7 | something bad about being connected to the international machine of exporting commodities. |
| 2:06.0 | I mean, you really need to build the value added and build the factories and things |
| 2:10.8 | yourself for the people. |
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