BRAZIL: Take Back Your Mink

Take Back You Mink

Brazil's energetic Finance Minister Oswaldo Aranha is a good friend of the U.S., but at the moment he is no friend of U.S. investments. Last week, in an interview with the New York Times's Sam Pope Brewer, Aranha made this abundantly clear. Brazil, Aranha explained, wants neither loans nor investments from abroad. Said he: "We have depended too much on outside aid. That's why we have not made more progress. We must learn to stand on our own feet." Foreign private capital, he said, has done Brazil more harm than...

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