BRAZIL-The Brazilian exodus?

Britain does it again?

During my many years in Brazil it was common to hear Brazilians occasionally complain that Portugal gave all of Brazil’s gold to England in the 19th century.

Now the PT is giving away Brazil’s entrepreneurial talent to the UK. Several Brazilian firms and individual entrepreneurs have moved operations to the UK or set up subsidiaries there to conduct their international business. It’s essentially an exodus of talent.

Moreover, they are doing quite well in their new environment. If and when they return to Brazil it will be to set up a Brazilian subsidiary of their international operation. It will be a kind of national-foreign capital!

The PT should be proud of its contribution to the global economy via the odd way it manages the Brazilian economy!