As the 2016 Olympic euphoria continues, a very different form of competition has been brewing on the streets of Rio De Janeiro. It is a race not for gold, but for survival. A fight not between athletes but between the elite and destitute. For many years the world has been fixated on Brazil’s prodigious growth, yet simultaneously oblivious to the extreme levels of inequality it harbours. Almost 20 million people in the country live on approximately $1 a day, whilst the richest 10% receive roughly 50% of all income as opposed to the poorest 10% who receive around only 1%. [1] Lest we forget, Brazil was once considered ‘Latin America’s gold standard for economic and social development’, yet today we find it to be the complete antithesis. [2] It has shrunk for five consecutive quarters, with economists expecting it to contract further by 4.3% this year. [3] In fact the value of Brazil’s economy has dropped from $2.6 tn to a staggering $1.8 tn, over the course of five years alone. [4] T
"Thoughts are the greatest wealth of any nation."