4 ms·

Narratives are powerful things. The article says: "And, basically, inflation did end, and the country's economy turned around. " This is Brazil GDP per capita

Narratives are powerful things. The article says: "And, basically, inflation did end, and the country's economy turned around. " This is Brazil GDP per capita: (1) It falls in 1992 (they forget to tell us that), exactly with the intervention that the article mentions. Then it goes up, then down and then kick off spectacularly in 2002 (the year that lefty Lula Da Silva wins the election, by the way) the article says: "Brazil became a major exporter, and 20 million people rose out of poverty." and finish with "Everybody was very happy." This is Brazil poverty headcount ratio: (2) We can see an amazing trend down from, again, 2002. Unfortunately I can't find the data from 1992 but that would be interesting in order to check the "everybody happy" thing. (1): https://www.google.es/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_pcap_cd&idim=country:BRA:CHN&hl=en&dl=en https://www.google.es/publicdata/explore?ds=d5bncppjof8f9_&m... (2): https://www.google.es/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_pcap_cd&idim=country:BRA:CHN&hl=en&dl=en#!ctype=l&strail=false&bcs=d&nselm=h&met_y=poverty_headcount_ratio_at_national_poverty_line&scale_y=lin&ind_y=false&rdim=region&idim=country:BRA:CHN&ifdim=region&tstart=999468000000&tend=1409695200000&hl=en_US&dl=en&ind=false https://www.google.es/publicdata/explore?ds=d5bncppjof8f9_&m...

necessity 10y ago
They are indeed, just as you try to attribute the rise in the GDP to the party that a few years later broke the country without changing its policies.
- RobertoG 10y ago
  I didn't attribute anything. Only pointing how easy is to create the appearance of causality. Is Brazil broken? I didn't realize, let's check those graphs again. And, are not trying to attribute the current problems in the economy of Brazil to a party instead of the current world economy. But, I bet, you think that the previous boom have nothing to do with that party. That was only the world economy.

necessity 10y ago

They are indeed, just as you try to attribute the rise in the GDP to the party that a few years later broke the country without changing its policies.

RobertoG 10y ago
I didn't attribute anything. Only pointing how easy is to create the appearance of causality. Is Brazil broken? I didn't realize, let's check those graphs again. And, are not trying to attribute the current problems in the economy of Brazil to a party instead of the current world economy. But, I bet, you think that the previous boom have nothing to do with that party. That was only the world economy.