Skip to main content

After win by Brazilian fascist Jair Bolsonaro, world's capitalists salivate over 'new investment opportunities'

"Capitalism only asks whether fascism is profitable."

by Jake Johnson

As Brazilian women, the LGBTQ community, workers, and people of color reacted with horror to the election of fascist Jair Bolsonaro to the presidency on Sunday after a campaign dripping in bigotry and militarism, Western corporate interests and the business press could hardly contain their glee over the victory of the hard-right former paratrooper who has promised to further pry open Brazilian markets to foreign investment, slash corporate taxes, and privatize the nation's public services.

While highlighting Bolsonaro's "homophobic, racist, and misogynist statements," the Canadian Broadcasting Corporation (CBC) gushed that his win over Workers' Party candidate Fernando Haddad "could mean fresh opportunities for Canadian companies looking to invest in the resource-rich country" thanks to his strong commitment to "open markets."

"It could be a good time to be a mining investor in Brazil," declared Anna Prusa, a former U.S. State Department official who researches Brazil for the Wilson Center, a Washington, D.C.-based firm.

Canadian business interests are hardly the only ones well-positioned to profit immensely from Bolsonaro's iron-fisted regime.

As The Intercept reported last week, American business elites were positively giddy at the prospect of a Bolsonaro victory, which one executive said would be a "bullish opportunity for us."

Enthused by Bolsonaro's selection of right-wing University of Chicago-trained financier Paulo Guedes to craft his economic agenda, investors are "more than happy to overlook the authoritarian impulses and violent promises," The Intercept's Lee Fang and Zaid Jilani note.

"Guedes has promised to sell off state assets, cut the public pension system, revise the tax code, and deregulate the economy," Fang and Jilani reported. "Another Bolsonaro adviser, Nabhan Garcia, told Reuters that the administration would slash fines for farmers who violate environmental rules in sensitive areas like the Amazon."

Corporate excitement over Bolsonaro's ascent to power—made possible in large part by the imprisonment of Brazil's former president and most popular politician, Lula da Silva, on corruption charges that have been denounced as highly questionable—began when the far-right lawmaker prevailed in the first round of elections earlier this month.

"Brazil stocks outshined the rest of the world" ahead of Sunday's election, CNBC reported.

Following Bolsonaro's 10-point victory, stocks continued to skyrocket as investors cheered the rise of an authoritarian who has promised to gut the public sector and "give carte blanche for the police to kill."

"Jair Bolsonaro said the words investors wanted to hear," Bloomberg reported on Monday. "Brazil’s next president pledged to trim the deficit, pay down debt and reduce the size of government after results showed him cruising to victory over Fernando Haddad of the left-wing Workers' Party. That helped Brazilian assets extend gains Monday, with the currency adding as much as 1.5 percent and Ibovespa stock futures climbing 4 percent in early trading. An American depository receipt of state-controlled oil producer Petroleo Brasileiro SA jumped 7.1 percent in pre-market hours."

Source, links:


Comments

Popular posts from this blog

It's definite: Elizabeth Warren is the female Obama, can't be trusted

globinfo freexchange

One year from the 2020 US presidential election, things start to become clearer day by day. In the US political scene, we can now recognize the authentic progressives from the fakes, and certainly, from the establishment neoliberal centrists. 
In the presidential-candidates level we can now identify only Bernie Sanders and Tulsi Gabbard as the ones who are willing to fight the establishment and try to implement progressive, anti-imperialist policies. After her latest position, concerning the military coup in Bolivia against the democratically elected Evo Morales, Elizabeth Warren could be considered a pseudo-progressive, equal to a female Barack Obama. Therefore, progressives definitely can't trust her.
Warren tweeted:
The Bolivian people deserve free and fair elections, as soon as possible. Bolivia's interim leadership must limit itself to preparing for an early, legitimate election. Bolivia's security forces must protect demonstrators, not commit …

Latest WikiLeaks revelation and its treatment by the mainstream press explicitly demonstrate why the imperialists are determined to eliminate Julian Assange

globinfo freexchange
On November, 23, WikiLeaks published an e-mail, sent by a member of an OPCW fact-finding mission to Syria to his superiors, in which he expresses his gravest concern over intentional bias introduced to a redacted version of the report he co-authored.
The Organisation for the Prohibition of Chemical Weapons sent a team of experts to investigate allegations that a chemical attack took place in the Syrian city of Douma on the 7th of April 2018. The author of the e-mail was a member of that team and claims the redacted preliminary version of the report, misrepresents the facts he and his colleagues discovered on the ground. The e-mail is dated 22nd of June. It is addressed to Robert Fairweather, Chief of Cabinet, and forwarded to his deputy Aamir Shouket and members of the fact-finding mission to Douma.  


In short, the OPCW whistleblower actually claims that the report has been somehow altered. And it was done in a way to fit the scenario, according to which, the Assa…

LIVE: Bolivians resist military coup in La Paz

Οργανισμός Αμερικανικών Κρατών: Στην υπηρεσία της Ουάσινγκτον

του Ανδρέα Κοσιάρη
Ο Οργανισμός Αμερικανικών Κρατών, που εξέδωσε την έκθεση για την εκλογική αναμέτρηση στη Βολιβία, η οποία «δικαιολόγησε» το πραξικόπημα εναντίον του Έβο Μοράλες, είναι στη θεωρία ένας ουδέτερος οργανισμός κρατών. Στην πραγματικότητα όμως έχει μακρά ιστορία υποστήριξης των επεμβάσεων των ΗΠΑ στη Λατινική Αμερική, και σήμερα χρηματοδοτείται κατά πλειοψηφία από τα ταμεία του αμερικανικού κράτους. 
Παρά την ίδρυσή του το 1948 με σκοπό την «προώθηση της ειρήνης και τη διευθέτηση διαφωνιών μεταξύ των κρατών-μελών», ήταν μάλλον από την αρχή όργανο της αντικομμουνιστικής εξωτερικής πολιτικής των ΗΠΑ.

Ο ΟΑΚ υπήρξε σιωπηλός ή και στήριξε όλες ανεξαιρέτως τις αμερικανικές επεμβάσεις στη Λατινική Αμερική, είτε αυτές λάμβαναν τη μορφή εισβολής, όπως στην Κούβα το 1961, είτε τη μορφή στήριξης σε πραξικοπήματα και δικτατορικά καθεστώτα, όπως στη Χιλή το 1973 (και στην Αργεντινή, τη Βολιβία, τη Γουατεμάλα, τη Νικαράγουα, την Αϊτή, τον Παναμά, τη Βραζιλία, την Παραγουάη και τον Ισημ…

Fears for an assassination attempt against Evo Morales

BREAKING
Independent journalist, Ben Norton, tweeted that he has been informed about a possible assassination attempt against the Bolivian president Evo Morales. According to Norton:
          Sources are telling me they are afraid that Bolivia's elected President Evo Morales might be killed tonight in the right-wing coup.

Sources are telling me they are afraid that Bolivia's elected President Evo Morales might be killed tonight in the right-wing coup.

This is a full-fronted imperialist attack on democracy. It is a blatant attempt to recolonize Latin America and overthrow all efforts at progress. — Ben Norton (@BenjaminNorton) November 10, 2019
Updates

EU giving cover to the military coup that just took place in Bolivia. Neither the EU nor the US support democracy. The people of Bolivia already expressed their “democratic will” by re-electing Evo Morales. A right wing US-backed coup stole that from them, this is disgusting https://t.co/qamCSvYmz9— Rania Khalek (@RaniaKhalek)…

It's now or never: the first step for a Sanders/Corbyn synchronization in power must be done on 12 December in UK

This is a once-in-a-lifetime opportunity for the global working class
by system failure
Two years ago, we wondered whether a US government under Bernie Sanders, together with a UK government under Jeremy Corbyn, could mark a decisive victory against neoliberalism. Whether it could mark the beginning of the end of the Reagan/Thatcher awful legacy.

It seems that the time has come for the first step towards this prospect.

The oncoming UK general election on Thursday 12 December 2019, will be the most critical for decades, especially for the global working class. The outcome will determine to a significant degree, whether the capitalist West will change course away from the destructive neoliberalism, towards a form of Democratic Socialism. A new model that will resurrect the social state, while at the same time, will seriously deal with the great environmental challenges, defying big interests and rejecting the for-profit-wars model.



As we already pointed out, the whole Brexit issue is pri…

Nos oponemos al golpe

Declaración de Noam Chomsky y Vijay Prashad
En Bolivia se está gestando un golpe de Estado contra el gobierno electo liderado por Evo Morales. Sectores de la policía han dicho abiertamente que están dispuestos a permitir que grupos de milicias fascistas ataquen el palacio presidencial en La Paz. La situación es muy grave.

Evo Morales ha invitado a los cuatro principales partidos a sentarse y conversar sobre el camino a seguir para la democracia boliviana. Ha pedido el establecimiento de un diálogo para evitar el regreso de los días de las dictaduras militares y los gobiernos oligárquicos. Morales ha hecho un llamado a las Naciones Unidas, a la Organización de los Estados Americanos (OEA), al Vaticano y a otros más para que contribuyan a encontrar el camino para alejarse del golpe.

El golpe es promovido por la oligarquía boliviana que está enojada por la cuarta elección que sus partidos pierden frente el Movimiento al Socialismo. La oligarquía cuenta con el total apoyo del gobierno de los…

Mainstream media pro-Johnson propaganda gets into full swing

by Craig Murray
We are now under election broadcasting rules.

Ian Austin left the Labour Party nine months ago. He was then appointed by the Tories as Prime Ministerial Trade Envoy to Israel. As of yesterday, he is neither a MP nor a candidate for election. He is a minor politician who achieved only the most junior ministerial rank, PUSS, and for only seven months. He is best known for heckling Jeremy Corbyn while Jeremy Corbyn was delivering the official Labour response to the Chilcot Report on the illegal invasion of Iraq, shouting “Sit down and shut up” and “You stupid disgrace” at Corbyn for criticising the war.
We are now under election broadcasting rules. How and why was Ian Austin invited onto the BBC Radio 4 Today programme today? He left the Labour Party six months ago, and has been a huge critic of Corbyn. It is hardly a surprise that the Tory’s Trade Envoy to Israel advises people to vote Tory. So who initiated Ian Austin’s appearance on the BBC Today programme, and why? It…

Here's why Bernie could end up being better than even FDR

globinfo freexchange

In his speeches, Bernie Sanders frequently refers to the 32nd president of the United States, Franklin D. Roosevelt (FDR), and his New Deal program that helped millions of Americans after the 1929 Wall Street crash. Sanders and other progressives are proposing a similar program adjusted to the modern environmental challenges. The Green New Deal has now become a popular vision, especially among young Americans. Around it, the progressives are aiming to build a whole new model beyond destructive neoliberalism and even obsolete capitalism.

Many would argue that this is quite an extremely optimistic view. That Sanders is just an old-school moderate Social-Democrat who will only manage to revive some typical social policies of the past, and that's it. He will never manage to seriously challenge the current power structure, which, indeed, has grown enormously, controlling nearly every aspect of the political and economic life.

Yet Sanders already managed to achieve …

WikiLeaks evidence that the imperialist machine was monitoring anti-imperialist Jeremy Corbyn at least since the US invasion of Iraq

The WIKILEAKS Public Library of US Diplomacy (PlusD)holds the world's largest searchable collection of United States confidential, or formerly confidential, diplomatic communications. As of April 8, 2013 it holds 2 million records comprising approximately 1 billion words. The collection covers US involvements in, and diplomatic or intelligence reporting on, every country on earth. It is the single most significant body of geopolitical material ever published. The PlusD collection, built and curated by WikiLeaks, is updated from a variety of sources, including leaks, documents released under the Freedom of Information Act (FOIA) and documents released by the US State Department systematic declassification review. 
globinfo freexchange
A cable from December, 2002, proves that the US officials were closely monitoring anti-war activities. The particular cable was describing a protest "against a possible U.S.-led operation against Iraq" in Istanbul, Turkey, and there is a spec…