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Brazil's government-run payments system has become dominant

(www.economist.com)
666 points jcartw | 2 comments | 08 Apr 25 10:59 UTC | HN request time: 0.014s | source
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bestouff ◴[08 Apr 25 11:47 UTC] No.43620573[source]▶
> Pix has spiced up Brazil’s fusty banking sector, but it gives the central bank a worrying amount of power

I think a largely prefer a government-run payment system than an US company monopoly.

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rebanevapustus ◴[08 Apr 25 12:29 UTC] No.43620937[source]▶
The Brazilian government is a *very* corrupt authoritarian oligarchy. I would take any US company over that any day.
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1. anodari ◴[08 Apr 25 23:09 UTC] No.43627367[source]▶
Where did you get this idea of a 'very corrupt authoritarian oligarchy'? Brazil is not much different from any other democracy and is far less oligarchic than Trump's USA. Also, PIX is managed by our independent central bank."
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2. rebanevapustus ◴[09 Apr 25 06:06 UTC] No.43629327[source]▶
There is no independent component of a country. It is very naive to claim so.

https://www.cnnbrasil.com.br/politica/por-decisao-de-moraes-...

What kind of non-authoritarian country arrests people for merely cursing at politicians on twitter?

Moreover, what kind of non-authoritarian country issues hundreds of thousands of rulings by its Supreme Court?

The Brazilian Supreme Court is an unelected entity that has complete control over the country, and firmly issues unappealable censorship arrests.

There is absolutely nothing this tyrannical in almost any western democracy, sans the UK.