Brazil

Bolsonaro and the Crisis in Brazil

The fall out from the financial collapse of 2007-8 continues. Its latest tremor is in Brazil. The commodities boom before 2007 allowed the Brazilian Workers' Party [PT] to claim that it was redistributing income but in reality it did little. Once the commodity prices fell (and especially that of oil in 2014) the state finances were in a mess. And just about every major political figure from Lula to Temer has been tainted with corruption. Enter Jair Bolsonaro.