Advisor to right-wing Brazil candidate says privatise it all

[Judi Lynn]

MAY 28, 2018 / 1:10 PM / UPDATED 43 MINUTES AGO

Marcela Ayres
3 MIN READ

RIO DE JANEIRO (Reuters) - Brazil should privatise everything from lender Banco do Brasil to oil company Petróleo Brasileiro SA, the main economic adviser to leading presidential candidate Jair Bolsonaro told Reuters, underscoring the far-right congressman’s overtures to the business community.

Investment banker Paulo Guedes, currently a partner at investment firm Bozano Investimentos Ltda, said asset sales could help the federal administration cut debt and fund cash-hungry local governments.

“Sell it all,” he said in a late Friday interview at his office in Rio de Janeiro. “Privatising cautiously, bashfully, just won’t do.”

His remarks contrast with previous statements by Bolsonaro, a former army captain who has led early presidential polls excluding jailed former President Luiz Inacio Lula da Silva.

Bolsonaro himself has praised the nationalist, state-driven economic policies of Brazil’s military government in the 1970s.

More:
https://uk.reuters.com/article/uk-brazil-politics-bolsonaro/advisor-to-right-wing-brazil-candidate-says-privatise-it-all-idUKKCN1IT1VC?rpc=401&

[notdarkyet]

1. Bad, bad idea. This is one of the reasons PR can get any electricity or manufacturing help. They

Sold their country to oligarchs and are still millions in debt, so no one will lend them any money. Read Shock Syndrome and see what happens

[Phoenix61]

2. Selling assests to pay expenses is never a good idea

Ranks up there with taking out a home equity loan to pay off credit cards and not cutting up the credit cards.

[Snackshack]

3. Right.

Because that has worked out so well in the past. History is packed with the wreckage of bad ideas yet these ideas continue to come back time and again.

[DBoon]

4. They shouldn't call it privatization

they should call it "pirate-ization"

[Judi Lynn]

5. Perfect fit for this dirty business. Good one. n/t