Financial Times FT.com

Paying a high price for new-found wealth

By Andrew Downie

Published: July 8 2008 03:00 | Last updated: July 8 2008 03:00

When Ariovaldo Ribeiro started life as a taxi driver 30 years ago, driving around São Paulo was still as much a pleasure as a job.

He would routinely clock up 200 miles each week without ever crossing the city limits. Today, he is lucky if he does 80.

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