Sunday, October 16, 2016
petras-lahaine | 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.