Latin America
Related: About this forumBolsonaro's Brazil: Chicago Boy-style Neoliberalism
DECEMBER 26, 2018
by WOUTER HOENDERDAAL
On January 1, 2019, Jair Bolsonaro will begin his four-year term as Brazils president. Everyone expects his government to follow a neoliberal path. The only question that seems to remain is how far they can actually go.
When it comes to neoliberal reforms, all eyes are on Paulo Guedes, Brazils next minister of the economy, who will head a super-ministry that combines finance, industry, trade and planning.
Guedes is a committed neoliberal. He not only earned his PhD at the University of Chicago where he was taught by the extreme right-wing economist Milton Friedman, but he is also a well-known fan of the Chicago boy economists who managed Chiles economy during the Pinochet dictatorship, turning Chile into the first experiment in neoliberalism in Latin America.
During that time Guedes taught economics at the University of Chile, demonstrating he has no moral objections serving under a right-wing authoritarian, be it General Pinochet of Chile or Brazils incoming president Jair Bolsonaro. And when it comes to Brazil, Guedes is set on a Pinochet-style fix of the economy: The Chicago boys saved Chile, fixed Chile, fixed the mess, he stated in a Financial Times interview. Guedes now has set his sights on fixing the Brazilian economy in a similar way.
More:
https://www.counterpunch.org/2018/12/26/bolsonaros-brazil-chicago-boy-style-neoliberalism/
Editorials and other articles:
https://www.democraticunderground.com/1016222590
DBoon
(22,338 posts)that was the lesson of Chile
Judi Lynn
(160,449 posts)DBoon
(22,338 posts)can't remember where I found it though