Brazil: a dirty scum on polluted water


Michael Roberts Blog

More than a million protesters took to the streets of Brazil on Sunday to call for the impeachment of President Dilma Rousseff, as anger intensified over increasing economic hardship and the multibillion-dollar corruption scandal at state oil company Petrobras (where money was siphoned off for the use of political parties, mainly the governing one, while Rousseff was chair of Petrobras!). “I’m tired of corruption — we’re all tired of paying high taxes and seeing no return for society,” said Cristina Araújo, a systems analyst.

Brazil’s economy, presided over by a social-democrat administration that claims to stand for the poor and for labour, is in disastrous decline. Brazil’s currency, the real, is at a 12-year low. The economy is contracting and real incomes are falling.

Brazil graph
The government’s answer has been to introduce neo-liberal reforms and fiscal austerity. Since Brazil recorded its first primary budget deficit in more than a decade last…

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