uombroca saidIn one word corruption, politicians, public servants, and police not to mention with its crime. The sad thing is that it has the potential to be a jewel of progress in South America from social policies helping the poor and improving its infrastructure.
With recent discoveries of light crude oil close to its shores which they indicated is one of the biggest reserves in the world, Brazil could become a big exporter of light crude oil to the world by Petrobas its state own gas company. The problem I see more corruption and money from this find, rather than politicians and public servants helping the people. Its a real shame.
Petrobas needs to be made a publicly traded, investor owned company, period. The government has no damn business owning oil and mineral companies, utilities or anything else that could be better and more effectively managed by the private sector. Brazil's national government needs to have its power restricted and its responsibilities limited to the things that governments on all levels traditionally do like providing safe water, police protection, infrastructure, education, environmental protection, etc. Owning corporate businesses is not a primary function of government whether it is national, state or regional, and local. This is why Brazil continues to be dogged by these grave problems and why corruption is so rampant in the country. Brazil has tremendous potential to be a first rate, modern country like the U.S. and Australia but it's ultra leftist micro management and its brutal, petty politics continue to hold Brazil back in time. A horribly sad and unacceptable situation.