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Guest post by Paulo Marenga
Brazil, the largest country in South America, has a strong agricultural industry (360 Mi tons of grain, half of it soy bean), and is the third largest producer in the world of many other products; we have a GNP of around US$ 3.2 TRI.
Despite being the biggest in South America in terms of geography and population, with a very high potential to grow its GNP to possibly be the 5th Economy in the world in as many years, we continue looking to the future with our eyes glued to an outdated ideology that will take us to some place in the past!
Why does the country have such flat growth? It's easy — politics!
For a long time leftist political domination has led the country to past failed ideologies and more recently to the woke agenda. These strong left arms involved the highest Justice Court named the Brazilian Federal Supreme Court who against more than 25 Judicial decisions in different levels of Justice which condemned to years of prison, they freed the prisoner former President Luiz Inacio Lula da Silva in order to dispute the 2022 elections against Jair Bolsonaro, on his way to reelection as President of the country.
Most of the voters didn’t believe the results of that election, declaring it was manipulated through the ‘font code’, in the Venezuelan electronic voting machines, never opened for public inspection. Under President Lula da Silva's Administration, a populist one, our country lost the track to robust growth and lost importance in world trade, reducing external political direction to ideological principles. The inflation rate was increased, public deficit ran to about 95% of GNP, external debt to over US$ 416 Bi, the public debt per inhabitant to about US$ 10 thousand and the annual tax rate to about 15%, which all pressed the public debt tax payment.
All of this takes us to a big question about the future of our economy and our growth — Where are we going?
God save Brazil!
Paulo Arthur Marenga de Arruda is an Architect and Urbanist, Brasilian born living in Olinda, PE., Brasil, He works as Secretary of Urban Development in Paulista, PE. He studied Journalism and Economics.
Almost all countries in South America have elected conservative presidents since Milei in 2023 and Trump in 2024, so now it’s up to Brazil.
Election integrity is an open issue because of their use of voting machines that are not double-checked!