Not just the Corruption, but the Spending

Reading the newspaper these days in Brazil is a journey through chaos and despair. The country is a black hole. Repulsive? Your mind immediately thinks corruption and rent-seeking, at which Brazil has proven its eminence over the past few years. Few days go by when one does not read about tens or hundreds of millions – or even billions – being siphoned off in the most brazen and repulsive of manners. I always think to myself… if it became known that a governor of a US state led a scheme to defraud the state health system of...

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