Post

Of course Bolsonaro refused to concede... just like his father, who staged an attempted coup when he lost the last election. Once an anti-democratic evil fascist always an evil fascist.

Look at the root! Experts: Consolidating a 47.4% GDP budget, Lula can't fund radical left reforms. Most revenue goes to a 14% rate, pensions, and financing the very right-wing conservatives (Bancada BBB & #Centrao) holding his government hostage with ministerial posts and vetoed reforms. #Brazil

Mr George@george-gabriel.bsky.social

Despite liking Lula, #Bolsonaro could be more useful. Brazil suffers from colossal systemic bureaucratic & judicial inefficiency. Legitimate business is trapped between a 14% BCB interest rate & suffocating taxes—despite a huge trade surplus—while a 3rd of the economy remains in the shadows. #Brazil

Most did not expect Bolsonaro to concede regardless of however fair the election. The question now is how far will Bolsonaro & his followers go and how the Lula government & the country will deal with it. I have hope as Bolsonaro Senior is 'somewhat' jailed now, but I hope it's an effective rebuke.