It is increasingly apparent that the Brazilian economy was deliberately destabilized to lay the groundwork for the 2016 soft coup that removed former President Dilma Rousseff from office. This does not represent anything new for Latin America; creating the conditions for a successful coup typically takes several years and economic destabilization is normally part of […]
Category: ECONOMY
In a recent article in NACLA, Sujatha Fernandes argues that there is a problem in the Northern left’s writing and analysis on Latin America, based on little or no dialogue with the working class, with some writers seeming more concerned with criticism than solidarity. At Brasil Wire we believe that the same thing has been […]
Translated from Carta Capital. The Brazilian economy had a sharp rise in unemployment in 2015 and 2016. The main reasons were misguided economic policies and malign effects of the Lava Jato operation. Today, we have more than 12 million unemployed, according to IBGE. The abrupt drop in the activities of Petrobras and the contractors involved in […]
Original version of article at COHA. Reproduced with permission. This interview was originally conducted in Portuguese, and translated by the author. Erminia Maricato is one of Brazil’s most renowned urban planners. In addition to having published 11 books and contributed nearly 40 book chapters, her lectures, often in public forums and protests, regularly draw large […]
By Jean-Claude Bernardet A programmed decay. The BRICS are unacceptable. The BRICS Bank, which operates with various currencies, including the dollar, is unacceptable. A support fund (like an IMF for emergent nations) is unacceptable. We are watching the systematic dismantling of an emerging power. The shipping industry is no longer competitive. Petrobras has been dismantled. The […]
For the second time in two weeks, hundreds of thousands of Brazilians took to the streets to protest Post-Coup President Michel Temer’s neoliberal retirement reforms. Yesterday’s event (March 31) was billed by CUT labor union federation leadership as the second warm up for for a general strike which will take place on April 28. Although the […]
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Now that the disastrous election of Donald Trump has turned the United States into a land of chaos, anglophone journalists are comparing him to leftist Latin American leaders. In most cases, the comparisons are an insult to anyone who has rudimentary knowledge of Latin America. In Bloomberg, Mac Margolis uses what he sees as “identical […]
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In January 2017 Brazil’s Prosecutor General Rodrigo Janot made an unprecedented trip to Davos for the World Economic Forum, during which he addressed assembled billionaires about the strides his country was making in combatting corruption. The nature and purpose of his trip raised eyebrows. Federal deputy Paulo Pimenta (PT-RS) remarked: “I did not find any legal provisions […]