Gunshots, eggs and stones thrown, blocked roads and other forms of aggression against politicians and journalists in recent weeks generated fears that the violence will increase the uncertainty over the October elections in Brazil.
Ironically, the only two economists who have served as president of Brazil are also the only ones impeached for economic failures.
Megaprojects are high-risk bets. They can shore up the government that brought them to fruition, but they can also ruin its image and undermine its power – and in the case of Brazil the balance is leaning dangerously towards the latter.
Long before the attack in Paris that inspired the slogan “Je Suis Charlie”, a young French publisher had released a collection of stories titled je suis favela
about life in Brazilian slums.
Even moderately well-informed analysts knew that the Brazilian economy was in dire straits as President Dilma Rousseff initiated her second term in office in January.