Reading the newspaper these days in Brazil is a journey through chaos and despair. The country is a black hole. Repulsive? Your mind immediately thinks corruption and rent-seeking, at which Brazil has proven its eminence over the past few years. Few days go by when one does not read about tens or hundreds of millions – or even billions – being siphoned off in the most brazen and repulsive of manners. I always think to myself… if it became known that a governor of a US state led a scheme to defraud the state health system of...
Tag - brazil corruption
Will any good come of Brazil’s new prosecutocracy? All are amazed at how Brazil’s Federal Police, Public Prosecutors, and Courts continue to arraign high-level politicians and private sector accomplices on charges of corruption. We are witnessing an extraordinary and unprecedented application of the rule of law, quite unlike anywhere else. Do not be fooled, however; this is not a popular movement to clamp down on corruption. Instead, this is a struggle between politicians and an emergent legal technocracy, or better put, a...