Saturday, June 22, 2013



From OpenDemocracy:  The arena of dispute was quickly occupied by three clear, distinct positions. Taken together, in the way that they work to polarize opinion rather than to build consensus on the urgent social issues that Brazil faces, they well represent how politics in Brazil is currently being conducted.
The first position praises Bope as the country's finest. This elite really is an elite. The film contrasts the professional standards of Bope's officers from (for example) Rio's military police, depicted as lazy, fat, corrupt and inefficient, whose commanders would dump bodies in each other's zones of responsibility to avoid the bureaucratic headache of having dead people in your territory.
The second position condemns Bope's moral corruption and blames the film for eulogizing (by means of a "fascist" [Arnaldo Bloch] or at least "irresponsible" aesthetic) a violent and deviant institution.
The third position blames the Brazilian people, who have been morally corrupted after decades of rule by amoral institutions such as Bope. It is pointless to blame Bope or the film: Tropa de elite is an artistic depiction of a true reality.   

Contributing Factor:
Brazil's Booming Economy Is Creating 19 'Millionaires' Every Day  
Another factor accounting for the rising tide of millionaires are high executive and banker salaries, which Morales said often beat those paid in the US. He noted it’s common for Brazilian investment bankers to make a $539,000 ($1m reais) annual bonus these days while CEOs can make an average of $75,000 a year.
According to other bankers, Brazil’s booming real-estate industry has also generated huge wealth as property values have doubled in recent years and are poised to increase further, especially in Rio de Janerio, as the city girds up to host the 2014 World Cup and the 2016 Olympics.
Individuals with a net worth ranging from $539,000 – $2.7 million ($1m-$5m reais) make up the bulk of the new millionaires, Morales said, adding that most private banks tend to individuals whose net worth falls below $5.4 million ($10m reais).
“I think that this trend will continue for the next three years but I don’t see it lasting forever. After all, there is a limit to everything,” Morales noted.
Brazil’s economy has been growing at an annual average of 5% in recent years and is predicted to maintain that pace in the medium term. However, some economists have warned that the country’s economy could overheat as inflation rises to unsustainable levels.

Updated 4/2013 Last year Sao Paulo was home to 1,880 individuals with net assets of $30 million or more according to Wealth Report 2013 published by Wealth-X, a Singapore-based wealth intelligence firm. The report adds that by the year 2022 the number will jump to 4,556 that is also a reflection of resource-rich Brazil’s soaring prosperity.

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