> The power went out every now and then while I was in Brazil last year. Brazil went into a privatization craze from late 90s onwards, and most formerly state

> The power went out every now and then while I was in Brazil last year. Brazil went into a privatization craze from late 90s onwards, and most formerly state owned utilities became private concessions. The new owners cut maintenance and upgrade budgets to the bone, and over the years many sections of the grid became seriously degraded.