Analysis: How Brazil Became a Huge Farm with Cities in Its Center

Brazilian industry lacks innovation and is incapable of competing with the rest of the world.

RIO DE JANEIRO, BRAZIL - When Cornelius Vanderbilt died in 1877, the world was able to have a notion of his fortune, valued at US$100 million, making him the wealthiest man in the world at the time. Vanderbilt created an empire in the railway sector, becoming the first American tycoon.

Some 7700 km away, on that same date, another entrepreneur in the sector was fighting to prevent the bankruptcy of his empire: Brazilian Irineu Evangelista, whose fortune had reached US$60 million a decade earlier.

The Baron of Mauá, as Irineu became known, is the greatest entrepreneur in the country . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?