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points by bit-anarchist 4 days ago | 0 comments

Delivering material benefits requires fiscal health, something Brazil lacks: https://tradingeconomics.com/brazil/government-debt-to-gdp

[–] nielsbot 3 days ago

No it doesn't. And you citing a government debt stat doesn't prove it. As a counter-example, the UK set up the NHS in 1948 when their public debt was over 200% of GDP.

https://uk-debt.info/timeline

[–] bit-anarchist 3 days ago

You are ignoring the fact that NHS started compromised to allow the payment of UK's debt. And consider that Brazil's interest rates are already high.

[–] nielsbot 3 days ago

So you're saying it's possible?

[–] bit-anarchist 3 days ago

No, I'm saying UK already had to compromise, and Brazil doesn't have the same economic advantages as the UK did. In all, while I haven't stated it's 100% impossible, I haven't stated it's possible, even less so preferable.