Friday, September 23, 2005

Lula's demise

A great Alvaro Vargas Llosa on Brazil corruption scandal:

Lula’s capacity to reinvent the left always hinged on something more than keeping interest rates high to stem inflation, maintaining a strong currency, riding on the high prices of certain commodities, and giving cash to poor families. He could either opt for simply managing the perpetual crisis or he could try to overhaul a labyrinthine political system that benefited certain pockets of industrial and agricultural production but keeps millions of people out of the realm of opportunity. He chose the former path.

Read it all.

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1 comment:

readerswords said...

I could not find the link to the article in your post. Can you please put the full path in the text, perhaps it is a browser problem...

thanks !