Brazil: The Billion Dollar Coup

Counter Information

brazil-coup-3

By James Petras

October 13, 2016 “Information Clearing House” – 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 CEOs 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…

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