By James M. Cypher. From Dollars&Sense: The year of 2019 marks a consolidation of the steady slither into extreme right-wing rule in Brazil, as long-time congressman Jair Bolsonaro assumed the presidency on January 1. This slide into the vortex of far right la-la land began when the less-than-charismatic, but steady and solidly left, President Dilma … More Neoliberalism Unchained: Jair Bolsonaro and the Rise of the Extreme Right in Brazil
From the abstract: Several political and academic circles have considered microfinance to be an important tool to promote economic development and the reduction of poverty. It became a worldwide phenomenon, and the practice disseminated in many developing countries such as Brazil. Even as many authors sing the praises of microfinance—in particular the success in developing … More New Paper by Carlos Schönerwald & Matías Vernengo: Microfinance, Financial Inclusion, & Rhetoric of Reaction – Evolution & Limitations of Microfinance in Brazil
By Mark Weisbrot, Jake Johnston, and Julia Villarruel Carrillo This paper looks at Brazil’s unusually high interest rates. Brazil has the fourth-highest interest burden in the world on its federal debt (out of a total of 183 countries). The paper finds that this is not a result of known risk factors, but rather is due to unusually … More Brazil’s Enormous Interest Rate Tax: Can Brazilians Afford It?