Brazil — Another Tower Of BRICS is Tottering

Pile of bricks
I just completed a week-long lecture series in a Charismatic Church in Brazil. Along with India, Brazil is a member of five nations known as BRICS – Brazil, Russia, India, China, and South Africa. In 1992, Jim O’Niell, then chairman of financial giant, Goldman Sachs, suggested that BRIC nations were on their way to become the world’s most important economies. Later, South Africa (S in BRICS) was also added.
My last trip to Brazil was in 2011 or 12. The sight of army trucks with soldiers armed with guns, moving around Rio had shocked me. The state was preparing to evict citizens to rebuild city-centre for the forthcoming Olympic games and the World-cup (Football). Many poor residents were to be thrown out so that tourists and prostitutes may move in.
Back then, I told my friends that Athens Olympic and the corruption associated with it, had played a significant role in Greece’s economic mess. . . Brazilians better know that without the Bible, Democracy is a conduit for bribery and corruption.
In 2015, India and Brazil were tied on corruption: both ranked 76th in the Corruption Perception Index of Transparency International. Corruption has driven Brazilian economy down, just as India Inc’s massive attack on the poor, in the name of fighting Black Money, is now set to make India the world’s fastest declining economy — at least for the next 2 or 3 quarters. Brazilian democracy is newer and more fragile than India’s. The Supreme Court hearings in corruption cases involving the former President and powerful politicians is shaking up the common man’s faith in the system.
BRICS is beginning to resemble Babel (in Genesis 11), where they were building a sky scrapping tower of bricks for their own glory.
My lecture series presented the case that more than a democratic government, Brazil needs a renewal of her soul. God’s word has the proven power to revive a nation’s soul.
Prof Vishal Mangalwadi directs the Centre for Human Resource Development in a Unversity in North India. He has authored 20 books and lectured in 40 countries. His exposition of Indian philosophy and Western thought and culture In books such as “The World of Gurus”, and “The Book That Made Your World: How the Bible Created the Soul of Western Civilization” are studied at university level.
Trending Now on Affluent Christian Investor
Sorry. No data so far.
The Affluent Mix
Biden Oblivious To Illegal Immigration Issues... August 2, 2021 | Frank Vernuccio

Rob Arnott On Bubbles, Inflation, And Once-In-A-Generation Investment Opportunit... August 2, 2021 | Jerry Bowyer

The Federal Reserve’s Massive Theft Of Stability... August 2, 2021 | Jim Huntzinger

What To Do About This Difficult Market? August 2, 2021 | David Bahnsen

Letter On The Politicization Of Corporations... July 26, 2021 | Jerry Bowyer

Peak Of The Fake Bull Market July 26, 2021 | Michael Pento

Woodrow Wilson’s Administrative State vs. Gold... July 26, 2021 | Jim Huntzinger

Dividends, Energy, And Crypto July 26, 2021 | David Bahnsen

Whose Side Are You On? July 26, 2021 | Frank Vernuccio

Media, Left Ignore These Dangers July 19, 2021 | Frank Vernuccio

Mark Skousen On FreedomFest And How To Measure The Whole Economy... July 19, 2021 | Jerry Bowyer

Quantifying The Quantitative, Or Making Easy The Easing... July 19, 2021 | David Bahnsen

The Gold Standard Means A Rising Standard Of Living... July 19, 2021 | Jim Huntzinger

Book Review: Brian Domitrovic Reveals The Monetary Genius Of Arthur Laffer... July 19, 2021 | John Tamny

Steve Forbes: Time To Worry About Inflation, Not Hyperinflation... July 12, 2021 | Jerry Bowyer

UFOs Rescue Biden July 12, 2021 | Frank Vernuccio

Read This Classical Economist’s 200 Year Old Warning About Paper Money... July 12, 2021 | Jim Huntzinger

How Central Banks Murdered The Markets July 12, 2021 | Michael Pento

Everything There Is To Know About The Stock Market... July 12, 2021 | David Bahnsen

AT&T CEO: We’re Ill Equipped For Politics, And We’re Spending A Lot Of ... July 6, 2021 | Jerry Bowyer

Internet Bias Distorts National Conversation... July 6, 2021 | Frank Vernuccio

The Halfway Point Of 2021 July 6, 2021 | David Bahnsen

Join the conversation!
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.