The Corner

Nothing From Nothing Leaves Nothing…

… you gotta have something, if you wanna spread the wealth:

Lula da Silva: “Before being a socialist, you have to be a capitalist”

Brazilian President Luiz Inacio Lula da Silva, in an interview with Spanish newspaper El Pais, mused about various aspects before leaving office next December. […]

He described the situation when he was elected Brazilian president: “The country had no credit, had no working capital or financing or income distribution. What kind of capitalism was that? A capitalism without capital. I decided then that it was necessary to first build capitalism, then make socialism, we must have something to distribute before doing so.”

Via Tim Carney.

Recommended

The Latest