Privatization South American Style

By Luigi Manzetti | Go to book overview

4
Brazil

As in Argentina, the 1989 presidential elections found Brazil in the midst of its worst socioeconomic crisis of this century, with very high inflation, the largest level of foreign debt in the world, capital flight, a large fiscal deficit, increasing poverty and income concentration, and a ballooning domestic debt. To compound matters, the political bickering between the President and Congress, coupled with mounting reports of corruption involving the Sarney administration, brought the country to the point of ungovernability. This, in turn, tarnished the image of the democratic institutions only five years after the end of the military regime ( Lamounier 1994). As in Argentina, the stage was set for the emergence of protest candidates. As it was pointed out at the time, 'people are not interested in ideologies, what they really want is something that promises to change everything, government, parties, politicians, the source of their suffering'. 1

During the electoral campaign the political atmosphere became highly polarized. After the first round two men emerged (in accordance with the 1988 Constitutional provision, if no one wins an outright majority only the two candidates with the largest number of votes are allowed to participate in a run-off). Luis Inácio (Lula) da Silva, a former metalworker and union organizer who was the undisputed leader of the Workers' party ( Partido de Trabalhadores, PT), headed the left-wing coalition. Lula's platform was quite ideologically grounded. He refused any privatization and called instead for an expanded role of government intervention in the economy. Lula also supported increases in salaries and social benefits, heavy taxes on the rich, and a moratorium on Brazil's external debt. His opponent was Fernando Collor de Mello, an obscure governor from Alagóas, one of the poorest states in the depressed north-east of Brazil. Although coming from a family well entrenched in Brazilian politics, the young (39 years of age) and flamboyant Collor was considered the long-shot underdog when he first announced his candidacy. 2 Through a subtle television campaign facilitated by the support of Brazil's largest media network ( TV Globo), Collor portrayed himself as a political outsider and skillfully exploited popular disgust with politicians. 3 Like Menem, Collor adopted a charismatic style punctuated by slogans like 'whoever steals goes to jail'. He even went so far as to describe himself as a caçador de marajás, or hunter of overpaid political appointees and bureaucrats. At the same time, in typical populist fashion, he remained ideologically

-150-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Privatization South American Style
Table of contents

Table of contents

  • Title Page iii
  • Contents vii
  • List of Figures viii
  • List of Tables ix
  • List of Abbreviations xi
  • 1 - The Political Economy of Privatization 1
  • Endnotes 30
  • 2 - Privatization in the 1980s: Politics as Usual 32
  • Endnotes 68
  • 3 - Argentina 71
  • Endnotes 141
  • 4 - Brazil 150
  • Endontes 226
  • 5 - Peru 232
  • Endnotes 288
  • 6 - The Theory and Practice of State Divestiture 294
  • Endnotes 331
  • References 333
  • Index 349
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 373

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.