All Commentary
Tuesday, September 9, 2008

Oil Revenues Pledged to End Brazilian Poverty


Brazil will use revenue from newly discovered offshore oil fields to eradicate poverty, President Luiz Inacio Lula da Silva has vowed. In a TV address, President Lula said Brazil would not squander the money but invest in technology and education. (BBC News, Tuesday)

Yeah, right.

FEE Timely Classic
Reducing Poverty through Economic Freedom by Kimani S. Njoroge