Tuesday, October 11, 2016

James Petras — Brazil: The Billion Dollar Coup

Introduction: Brazilian President Dilma Rousseff was removed from office through a well-organized, carefully planned operation among the corrupt Brazilian political elite, closely linked to the stock-market, financial institutions and foreign energy companies.

This ‘legislative coup d’état ‘eliminated the democratically-elected ‘political intermediaries’ and installed a regime directly controlled by the CEO’s of leading multi-nationals. The corporate composition of the post-coup regime insured there would be a radical restructuring of the Brazilian economy, with a massive shift from wage support, social spending and public ownership toward profits, a foreign capital take-over of strategic sectors and foreign-domestic elite dominance over the entire economy. 
This paper will describe the socio-economic dynamics of the coup and its aftermath, as well as the strategy and program that Brazil’s new rulers will pursue. In the second half of the paper, we will discuss the Workers Party regimes’ policies (under Lulu and Rousseff) that prepared the political and economic ground-work for the right-wing seizure of power…
Probably more like a trillion than a billion. This is a grab of Brazil's resources that belong to the people of Brazil by a comprador government to turn over to transnational corporations (read "to the US elite").
The ‘coup’ was no ’secretive conspiracy’ - it was an overt, direct capitalist seizure of power. Once installed, it proceeded to dismantle the public sector economy and transfer the jewels of Brazil’s economy to foreign multi-nationals.
James Petras Website
Brazil: The Billion Dollar Coup
James Petras | Professor (Emeritus) of Sociology at Binghamton University in Binghamton, New York and adjunct professor at Saint Mary's University, Halifax, Nova Scotia

See also

What is a Coup? Analysing the Brazilian Impeachment Process
Aline Piva and Frederick B. Mills

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