You forget that Brazil was once a superpower like the United States is now, where the average person had access to more wealth than an average person anywhere else in the world and they had a largely unregulated free market economy. But, like the United States has done now, they relaxed regulations on investments banking and the bankers went hog wild with subprime loans to undeserving borrowers. Now the whole country of a Brazil is a mess, and we are soon to follow. That's why the comparison is valid.
From: [email protected] [mailto:[EMAIL PROTECTED] On Behalf Of Sasan Sadat-Sharifi Sent: Wednesday, September 24, 2008 11:25 PM To: [email protected] Subject: [Libertarian] Re: How urgent is it? How bad could it get? --- In [email protected] <mailto:Libertarian%40yahoogroups.com> , Jon Roland <[EMAIL PROTECTED]> wrote: > For a vision of things to > come, examine the favellas of Brazil or similar settlements in > other countries. (Hint: No housing codes or zoning.) Are you really implying that crime-ridden slums are caused by a lack of zoning and housing ordinances? Seriously??? Isn't the POVERTY caused by economic interventions a huge factor? What about the GANG VIOLENCE caused by the international Drug War? [Non-text portions of this message have been removed]
