
The Wild Economy of Brazil
Economics Explained
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The Petrobras Scandal - The Biggest Case of Government Corruption in World History
Brazil's economy grew over 500% in the years that President Lula was in power. This sustained prosperity made him unbelievably popular, polling above 70%. The Petrobras scandal is to date the largest case of government corruption in world history. People at this time were reading the news about misallocated funds while also being told that the country could no longer afford to pay for socialized services.
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