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Overcoming crises

 

A bold approach that worked, "We will face this crisis head-on"

In neoliberal  theory, the solutions to crises lie in cuts in social and public investment programs, generating unemployment and poverty.  But not in Lula and Dilma’s Brazil. Despite the grave global crisis, average worker incomes hit record highs in the years that followed, reaching R $ 1,979.14 in November 2013 - an increase of 27% since the time of the Lula government. With Dilma, 1.1 million jobs were created in 2013 alone. The unemployment rate fell to 4.9% in April 2014, the lowest of history. This performance led the New York Times to ask, on January 21, 2014: "The example of Brazil makes us raise the issue that we (the US) did not do enough in our country [United States]: what is the good of economic growth if nobody has a job"?

 

Neoliberalism drops GDP and raises unemployment in Europe

Unlike Brazil, Europe followed the neoliberal recipe: cut social "costs" and let the market operate freely. The same formula that Lula and Dilma’s opponents advocate today for Brazil.  The result: low growth or contraction of GDP in Europe - and soaring unemployment. While Brazil grew by 2.3% in 2013, European  power Germany had to be content to 0.4%. France remained at 0.3%. The UK grew 1.9%, but Greece fell by 3.7%. On average, the continent grew by only 0.1%. The consequences are disastrous: people like the Greeks and the Spanish are embittered over 26% unemployment rates, while Brazil celebrates full employment. Maybe it's time for the opposition in Brazil to revise its cookbook.Taxa Desemprego