The failures of Liberalism and Socialism are being exposed worldwide:
Brazil had a boom period as a result of Chinese economic growth. Brazil is an exporter of raw materials and commodities. Now, as a result of a slowdown in China and a collapse in oil prices, the good times are over.
Raw materials and commodities are capital intensive industries which require continual capital investment in equipment and machinery. The problem is that the Leftist Brazilian Government siphoned off most of the profits leaving companies cash starved at a time when they need to become more efficient.
If Libs have there way, this is coming to a town near you: