Why there is little for Brazil to celebrate
By Elliot Chan, Opinions Editor
There were no flowery floats, high-tempo samba music, or scantily clad performers this year. For Brazilians, the cancelation of the world-famous, multi-day, nationwide street festival known as Carnival must have felt as though someone pulled the plug on Christmas.
The announcement that many Brazilian cities would be putting a hold on the celebration, which traditionally ends on Ash Wednesday, must have been disappointing, but not completely surprising. It seemed like an easy decision; after all, when you are sick and broke, the last thing you would want to do is invite everybody over for a party, right?
Brazil is currently caught in one of the worst recessions in decades. With declining tax revenues and the Zika outbreak, over 40 towns and cities have decided to spend the money annually spent on the parade on resources such as new ambulances. Nobody can deny the value of medical services, but with approximately eight per cent of all employment in the country based around tourism and travelânearly the same amount as unemploymentâthe absence of Carnival will undoubtedly take another big bite out of Brazilâs fast-shrinking gross domestic product.
Around the world, Brazil has a particular image: party host. In the past few years, Brazil had won bids to host the 2014 FIFA World Cup and the 2016 Summer Olympics. This led to liberal spending from the government, with the World Cup alone costing an estimated $14 billion. Thatâs a lot of ambulances. See, what ended up happening was that the country priced itself so high that only wealthy tourists can afford the luxuryâand Brazil makes sure tourist are wealthy with their travel visa qualification process.
Now, itâs not the World Cup or Olympics that are causing Brazilâs economic downfall. There are a number of reasons, including corrupted political parties and energy companies, inflation in commodities, and the fact that the economy of China, one of their leading exporters, is also slowing down.
Whatâs happening with Brazil is something every country can learn fromâheck, itâs something every person can learn from.
It seemed like yesterday Brazil was touted as one of the fastest growing economies in the world. Not only did its continent ride on its back, but the world as well. The spotlight was on Brazil, and at a time when any wise government would have taken a step back and assessed the whole situation, the Brazilian government did not. It turned to greed rather than insurance. Instead of solving problems close to homeâpoverty, crime, employmentâit, like a drunken frat boy, took one drink after another until he needed a friend to call his parents to drive him home.
The Brazilian power rose too high, they partied too hard, and they got too greedy. Now, they have to forgo a traditional event that their own citizens cherish. Itâs sad to see such a rapid fall from grace, but I guess thatâs often how a hangover feels. One moment you are on top of the world, booming. The next, you are waking up with the realization that your economy is now a bust.
There is a time to celebrate, and there is a time to pay it forward and invest within. There needs to be a balance. To keep partying, youâll need to stay healthyâand wealthy. I love Brazil, and I hope I get to celebrate there again soon.
