Brazil Industry Needed Government Help to Grow

Cindy Zimmerman

I have been meaning to put up a link to this AP story that came out a week or so ago about Brazil’s ethanol economy. It’s a good backgrounder on the history of the industry in Brazil and of particular interest to some critics of the government trying to help the industry grow here in the U.S. is this line – After decades of government intervention and subsidies, the industry here is a thriving free market business, complete with ethanol pumps at every filling station in Latin America’s largest country. Just thought that was interesting.