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Why Brazil Is Not Coming Back Anytime Soon (In 1 Depressing Chart)
Forget currency collapses, capital outflows, crashing confidence, and current account carnage, there is one major reason why Brazil - no matter what - will not bounce back quickly...
As alive and well as the entrepreneurial spirit maybe (though with confidence at record lows, we suspect otherwise), it takes a stunning 83 days to "start a business" in Brazil...16x longer than in the US and almost 3x longer than China and India.
So absent massive and far-reaching reforms to collapse the bureacratic quagmire that is the corrupt government of Brazil (and crush the government sector's employment), no matter what actions, interventions, and confidence-inspiring acts the central planners undertake, the growth spirit simply won't be there!!!
Source: Goldman Sachs
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The faltering sovereign territory of Brazil, clearly needs some advice from this mysterious, "un-elected" garden knome.
Gina McCarthy Gina McCarthy. Regina "Gina" McCarthy (born 1954) is an American public administrator and an environmental health and air quality expert, currently administrator for the U.S. Environmental Protection Agency. On March 4, 2013, President Barack Obama nominated McCarthy to replace Lisa Jackson as head of the EPA.Busy minds with foreign quarrels, much?
Ummm... You're welcome.
There's a woman in [Mendocino? Montecito? Santa Rosa? Just can't recall], California, who had (been a while since I last saw a story) spent YEARS trying to open a freakin' frozen yogurt shop downtown.
When I lived in the California foothills, I stopped by City Hall once to pay the water bill in person. While waiting for counter girl to do her thing, I idly picked up one of their Welcome to Grass Valley brochures. Twenty or thirty pages as I recall (landscape on 8.5 x 11 folded in half). The first page or two was the obligatory self laudatory blurb about the community, names and phone numbers, and the remaining pages were what you had to do to open a business. This permit and that fee. Appeals and inspections and forms and reports and licenses and on, and on, and on. Page after page.
Open a business in five days? Take you that long just to read the requirements.
I, too, vote for under the radar as long as possible.
Solution: Private club, nickel to join, you get a card and are now not part of the general public. No card, no yogurt. Retarded regualtions, regulate occupations for the general wellfare and health of the 'public'. Private is of no concern.
Most churches will have to become private clubs once mainstream persecution gets underway.
Jews were targets of mainstream persecution for 2000 years. European slaveholders justified black slavery under pagans lose rules which were also mainstream. When Pharoahs ruled the Nile, same story! History is nasty when it repeats era after era. Always, gold rules until it doesn't.
This chart is meaningless without a chart showing what %age fail and how long they take to fail...which is running around 90% everywhere right now.
But I thought Goldman said that Brazil was the next big thing!? Oh, right. For Goldman. Next time, Brazil, remember -- they can't come in if you don't invite them.
"BRAZIL
A vibrant example of opportunity and
growth, São Paulo has welcomed our
growing presence and commitment to
the city’s business and community
development." -http://www.goldmansachs.com/s/esg-impact/places/brazil/
"...they can't come in if you don't invite them."
Just like the Vampire Squid they are...
We opened our company in Peru almost 25 years ago, right during the time it looked like scary Sendero Luminoso would come swarming over the hills into Lima and do a "Cambodia" on the country...
It was a risky time to start a business in a risky country.
But, Peru was (and still is) reasonably pragmatic about letting small businesses open. It took us maybe 3 weeks to get our legalities done. I was kind of impressed.
It took Lima just a year to build a freeway right through some of the busiest part of their city (replacing a busy avenue, so not a start-from-scratch construction project). It took Houston, TX over eight years to do something kind of similar.
wheel bearings, ah, yes ... ;-)
Why Peru? Just asking.
I wondered where you went to.
What in the world did you do to get kicked out?
I'm on round 3. ????
Nothing another government agency couldn't solve.
Ask V.W. if the U.S. figure is correct.
The reason why Brasil isn't coming back any time soon, is a [2] PART STORY.
A.) The first part being commodites.
B.) The second part being corruption.
C no middle class.
D no work ethic
E other than ethanol and hot women what do they produce?
Pet piranhas for your mother-in-law?
Where in USSA can you open a business in 5 days ???
In the USSA, we open a business and get caught making money, then apply for the proper paperwork.
It sounds backwards, but you'll lose all your startup capital, if you do it differently.
Absolutely correct.
Perhaps that depends on the size and scope of the business you wish to start. I can get a city business license, then insurance in 24 hours. People need to know they can start their own legal small business in their homes if they have the drive to be self-sufficient and in control over their lives. Why work for 'the man' all your life?
I like you, and you have made many valid points over the last few years.
Quite possibly you're missing the "spirit" of my post?
Why, on GODS green Earth would you give personal information to the "lackeys" in some .Gov agency, before you were making a profit?
Have you acquired a good CPA yet?
I've decided that the old quip: " It's easier to ask forgiveness than permission" is a sage piece of advice.
(Always with a risk/reward calculation running in the background)
Harlem. Ferguson. MacArthur Park. Baltimore.
If you are a lobbyist, you can be up and running in less than an hour over in old DC.
Here's what happens when a national chain tries to open a new store in Chicago. Their only flaw was closing on Sunday so their employee's could spend time with their families and go to church. The place is now packed as are all of their other locations. They make good chicken sandwiches, pay their employee's well and only open 6 days a week. How dare they!!
A Chicago alderman wants to kill Chick-fil-A's plans to build a restaurant in his increasingly trendy Northwest Side ward because the fast-food chain's top executive vocally opposes gay marriage.
Ald.Proco "Joe" Moreno announced this week that HE will block Chick-fil-A's effort to build its second Chicago store, which would be in the Logan Square neighborhood, following company President Dan Cathy's remarks last week that he was "guilty as charged" for supporting the biblical definition of marriage as between a man and woman.
"If you are discriminating against a segment of the community, I don't want you in the 1st Ward," Moreno told the Tribune on Tuesday.
Moreno stated his position in strong terms, referring to Cathy's "bigoted, homophobic comments" in a proposed opinion page piece that an aide also sent to Tribune reporters. "Because of this man's ignorance, I will now be denying Chick-fil-A's permit to open a restaurant in the 1st Ward."
The alderman has the ideological support of Mayor Rahm Emanuel.
"Chick-fil-A values are not Chicago values," the mayor said in a statement when asked about Moreno's decision. "They disrespect our fellow neighbors and residents. This would be a bad investment, since it would be empty."
http://articles.chicagotribune.com/2012-07-25/news/ct-met-chicago-chick-...
My home town, Colorado Springs, supports Chik Fil A so much that it is impossible to eat there at any time of the day or night. Even at 3 in the afternoon, there are two drive up lanes with 20 cars in each one.
Denver, on the other hand, well, think of it as Little Chicago.
Chitcago is doing double digit increases in property taxes. Probably for some time for pensions (LOL, for the children) .
Springfield is run by Chitcago with Madigan and Cullerton in bed with the public unions running the government.
Their term of heavy-lifting is to keep hitting Illinois citizens and businesses with higher taxes for whatever the public unions want.
Public unions in Illinois, are the strongest of all 50 states.
One reason why the current governor cannot cut cost is that Madigan and Cullerton do backroom deals to sidestep the governor's efforts to cut expenses.
There is no hope to straighten Illinois out.
I would love to ask the alderman when was the last time he enjoyed the taste of penis.
Then follow up with whether he prefers the taste before or after it's been in his anus.
Hookers open up in Times Square now in 3 hrs, many business start in Texas pretty quick.
(Usually) Looking at things from a different perspective can help:
One major exception to this is South Korea and Taiwan. They were very poor countries. South Korea in the late 1950s was probably about the level of Ghana today. But they developed by following the Japanese model violating all the rules of the IMF and Western economists and developing pretty much the way the Western countries had developed, by substantial direction and involvement of the state sector.
So South Korea, for example built a major steel industry, one of the most efficient in the world, by flatly violating the advice of the IMF and the World Bank, who said it was impossible. But they did it through state intervention, directing of resources, and also by restricting capital flight. Capital flight is a major problem for a developing country, and also for democracy. Capital flight could be controlled under Bretton Woods rules, but it was opened up in the last 30 years. In South Korea, you could get the death penalty for capital flight.
http://www.chomsky.info/interviews/20090210.htm
This is mostly bullshit. Running a country like a corporation is not communism.
Yes
Pandering to big or Important Tech Corporations and tilting the field against small businesses is supporting monopolies and is Fascism.
- Corporate Socialism is also accepted as a label
- Duopoly
- Plutocracy
- Inverted Totalitarianism
It ain't like we have just two ideologies or political systems to look at here.
And we all know the US has a Military Republic that is very expensive to support, requires huge budgets, huge central government, huge financing, and is certainly crossing over to evil frequently.
State & Local Governments become Militarized, Corrupted, Dependent, and take on the same culture as the federal government and hyper financial schemes allowed the huge local government compensation, retirement, school budgets.
Corruption, all systems are at risk to be corrupted.
Auditing and standard rules certainly could have played a bigger role if everyone understood simple, clear, rules, laws, standards.
Brazil, china, angola, where are they putting the maney?
Tip: US equities
bureacratic quagmire
Once you give an ordinary person a seat of power in government, especially a minor role in some agency of oversight, you have created a monster. Haven't we all seen them, dealth with them. I had two evil fuckers with more power than brains inspect a house I wanted to tear down and build a rental unit on, with three fine new apartments, in place of a ghetto house. The inspectors arrived and treated me as a know criminal, their inspections found multiple hazards I must clean up before tear down, bingo $200, they would be back when I had dealt with them. Back again, found one more problem, Bingo $200, would be back for a final inspection, I passed Bingo $200 dollars. These state contractors got paid by inspection, the more times they needed to inspect, the more times I paid $200 for a five minute stop by them. They held me up for 3 months, till it was winter, and building was now hard. Thanks.
The world is full of this petty little cunts. Given State powers to fuck over the tax payers.
Jack Burton,
That inspection thing is what is keeping you from bowing down, 5 times a day, to MECCA! Admit it Jack, You are Jaded...
at least they didn't have their hand out
What the fk do you think the multi inspections were all about.
Tear down? Seems to me a well-placed homeless person warming himself in the cold of winter could take care of that "tear down" for you. Just sayin'....
Yes any local council
just another bric in the squid's bonus wall
You said the magic word (almost)
just another BRICS in the squid's bonus wall
BRICS
Have you noticed what has happened to all the economies of the BRICS nations?
Brazil - kaput
Russia - sanctions and ruble crash
India - not to bad yet but they can fix that
China - flash crash meltdown
South Africa - currency devaluation
Brazil will not prosper until they give up on that ridiculous Pig Latin dialect they speak.
lol.
I spent a day at Igauzu Falls and went to the Brazilian visitors center. I nearly fainted when greeted by the Brazilian, super-model-looking attendant using that Pig Latin dialect asked if she could help me. I remember her as well as I remember the falls.
They just need to figure out how to balance
thier lamp poles.
Start prostituting, 1 day
Start drug dealing, 1 week
Never pay taxes to the same government that bankrupted you, timeless
Almost better than just giving to the your church!
Ok...a lot better.
if i didn't know it was 2015, i'd think it was deja`vu all over again during the 1997-98 asian financial crises?
~18 years ago Russia and Brazil were in dire straights (BRIC's?) with china ~two-years`plus from their WTO membership by bush #43 in dec/2001.
were the chinese and russian's anticipating a redux in financial history today?
thailand, indonesia, s. korea, philippines, hong kong, malaysia (singapore/ malay?). note: japan and taiwan were caught-up in the malaise?)
http://fas.org/man/crs/crs-asia2.htm 2/6/98
Ps. in 1999 the gramm-leach-(bliley) act was passed by ([90-8 senate][362-57 house])...an overall victory. obviously clinton saved face? unable to veto the republican controled congress sponsored bill, even though the democrats voted overwhelmingly for the gutting of the 1933' Glass-Steagall Act'! what a fucking shame!!! Note2: the tyming couldn't have been choreographed better. ask george soros, etel.?
Ref: http://www.dailykos.com/story/2010/04/29/861900/-The-repeal-of-the-Glass-Steagall-who-voted-against-it#
all links are on page... the (1999) '106th s.900'// '106th h570 [how vote was passed, click] congress of the USA'
bonus: diversions and multi-distraction always require a war?!? 'the 'Kosovo War' [2/98-6/99]! tyming!!! http://en.wikipedia.org/wiki/Kosovo_War
all is relevant? Imprtant point not to miss? all this shit is just happening faster since 2008-2015 where the asian crises is about to explode!!!
what to do! raise rate 0.5% and repeal Gramm-Leach (Bliley) Act, and take our medicine like the great country we once were...[?]
I call Bullshit on the Chart.
For instance if you are a foreigner with a lease, you can't get the Electricity turned on in France and Many places in Latin America in 5 days.
Plus with FACTA you have to get a Lawyer as an American Foreigner to set up a Bank Account in many countries.
In the USA, how are you going to find and close on a lease, learn all the regulations, rules, County Rules, Required Certifications, get the licenses, get health and fire safety requirements met, get taxes, accounting, financing, all set up with Expert Advice? Expensive Advice.
US Federal Register is how big, plus like 74,000 pages of Federal Tax Code Pages.
Plus can you move to a new state and city and start a business without a Network of experts or friends already in place.
How to make a quick million on a fast start up.
Start with 3 million.
can you move to a new state...
Why bother when you can do what the Biden's advocate and just start with your very own "Delaware Corporation"? They're as vaporous as frn cyphers and nearly as easy to hide behind, in and transform into taxfree institutions more dubious than speaking fee generated presidential library foundations.
But I suppose they're still going forward with the Olympics next year.
83 days to open a business! Phew! However, the time to open a business is just a small part of the picture.
Even in some countries in Europe, it is impressively expensive to keep your business going. All the paper work and bureaucrazy may cost you thousands of euros per year. Put taxes on top of that. It is simply not worth it.
Brasil,
You may need some education
You may need some thought control
Some dark sarcasm in the classroom
Bankers leave them BRICS alone
Hey! Bankers! Leave the BRICS alone!
All in all you're just another prick in the wall.
It would be nice to list USSR in these rankings.
Not just opening the business - Brazilian red tape IS TOTALLY IDIOTIC! Systems just do not function, Governemt of Brazil is Criminally insane (.gov of the US is insanely criminal). But, in TSHTF situation some regions Brazil have a clear advantages - good climate, food security (most countires are netto food importers) etc. - http://visa4brazil.com/