[Marxism] Irrational Exuberance

Walter Lippmann walterlx at earthlink.net
Thu Jul 31 08:43:44 MDT 2008

What's irrational here? Brazil is doing very well. 

Is there something wrong with Brazil's progress?
Viva Lula! Viva Fidel! Viva Raul! Long Live the
Brazilian Workers Party! Viva Brazil!

Walter Lippmann
Los Angeles, California
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From: Louis Proyect <lnp3 at panix.com>
Sent: Jul 31, 2008 7:24 AM
To: walterlx at earthlink.net
Subject: [Marxism] Irrational Exuberance

NY Times, July 31, 2008
Strong Economy Propels Brazil to World Stage
By Alexei Barrionuevo

Fortaleza — Desperate to escape her hand-to-mouth existence in one of 
Brazil’s poorest regions, Maria Benedita Sousa used a small loan five 
years ago to buy two sewing machines and start her own business making 
women’s underwear.

Today Ms. Sousa, a mother of three who started out working in a jeans 
factory making minimum wage, employs 25 people in a modest two-room 
factory that produces 55,000 pairs of cotton underwear a month. She 
bought and renovated a house for her family and is now thinking of 
buying a second car. Her daughter, who is studying to be a pharmacist, 
could be the first family member to finish college.

“You can’t imagine the happiness I am feeling,” Ms. Sousa, 43, said from 
the floor of her business, Big Mateus, named after a son. “I am someone 
who came from the countryside to the city. I battled and battled, and 
today my children are studying, with one in college and two others in 
school. It’s a gift from God.”

Today her country is lifting itself up in much the same way. Brazil, 
South America’s largest economy, is finally poised to realize its 
long-anticipated potential as a global player, economists say, as the 
country rides its biggest economic expansion in three decades.

Full: http://www.nytimes.com/2008/07/31/world/americas/31brazil.html

     Los Angeles, California
     Editor-in-Chief, CubaNews
     "Cuba - Un Paraíso bajo el bloqueo"

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