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It might be more accurate for the headline to read "This is how Brazil works." In the US we tend to take for granted how much a functioning regulatory system, f
by vannevar 14y ago
It might be more accurate for the headline to read "This is how Brazil works." In the US we tend to take for granted how much a functioning regulatory system, far from retarding healthy growth, is essential for promoting it.
- rlander 14y agoYou remark shows that you didn't even bother to read the entire article. They're not a credit card company, but a provider of employee benefits (hence they don't even touch the money). They just happen to use small rectangular plastic cards as a medium for carrying balance information.
- spindritf 14y ago> a provider of employee benefits What kind of service is that? What do they actually do?
- brazzy 14y agoI fail to see any connection between your comment and the one you're replying to...
- vannevar 14y agoI actually did read the entire article. Can you elaborate on why it matters what business they're in? I'm not sure you understood my original comment, or perhaps you replied to the wrong thread.
- jpdoctor 14y ago> In the US we tend to take for granted how much a functioning regulatory system Really? Which people are in jail because of the mortgage fraud? And Jon Corzine's MF? Who is going to jail because of that? I find that the US has pockets of enforcement.
- bubbleRefuge 14y agoGreat point. And, I would add, the statue of limitations is about to run out on prosecutions for the mortgage crisis which has had practically zero convictions. The savings and loans crisis of late 80's had 1000 felony convictions. We maybe on our way to being like Brazil.
- vannevar 14y agoMy point wasn't that there isn't corruption in the US, or that there is a remedy for every bad act. Only that there is recourse here for the kind of graft the article describes, and that many in the US don't fully appreciate what a so-called 'free market' really looks like.
- swah 14y agoHe is only getting attention because he cited Visa though. If he used the title you suggested, most folks would just "meh" at the title.