Brazil vs. Hungary

Brazil and Hungary have similar per capita incomes but very different levels of inequality; Brazil being one of the most unequal countries in the world while Hungary is one of the most equal.

1. Would you rather live in Hungary or Brazil?
2. Would you rather be an 18-21 year old Hungarian or a similar aged Brazilian?

For these question you should ignore geographic and language effects.

1. If you asked me to move to one or the other right now I’d chose Hungary due to cultural and geographical issues. However that’s not allowed and on purely economic issues I’d pick Brazil. My perception is that in an unequal society my current net worth would lead to a higher lifestyle. This might be a rather short sighted choice as my worth might be enough to make me a target but not enough to keep me safe but if pressed I think its the way I’d go.

2. Hungary without any hesitation. I think this one is a personality issue; I generally lean towards a lower risk/lower reward path in financial matter. I’d rather be reincarnated as a random average Hungarian instead of risking the very like result of being a really poor Brazilian.

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One Response to “Brazil vs. Hungary”

  1. db Says:

    1. Hungary. I’m not wealthy enough to rise into the privileged spheres. So life in Brazil would be comfortable, but not isolated from the poverty around. At least that is my perception.

    2. Brazil. Sure, if you mean random chance among which current 18-21 year old you become, Brazil sucks. Brazil has a chance though and I’m not sure Hungary does. So if I say a reasonably intelligent 18-21 year old middle class enough to be going to college, I think I’d have to go with Brazil.

    Then again, you asked the question before the recent Greek issues. They have reinforced the idea — in my mind at least — that most of Europe is going to be falling to former-Soviet-block levels within our lifetime. The levels where things move, people have jobs, food is produced, factories run, but nothing really works. Maybe that’s OK — I don’t think things will really get as bad as the Soviet era — but I think there are going to be a lot of social problems coming out of it.

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