IBOV 176,501.85 ▼ 0.59% IPSA 10,959.17 ▼ 0.45% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL5.09▲ 0.67% USD/MXN17.52▲ 0.75% USD/CLP947.16▲ 1.24% USD/COP3,196▼ 0.98% USD/PEN3.39▼ 0.25% USD/ARS1,489▲ 0.40% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.95▼ 0.09% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 0.19% BRENT 101.88 ▲ 8.30% WTI 93.29 ▲ 7.44% IRON ORE 161.91 — — COPPER 6.32 ▼ 1.98% GOLD 4,043 ▼ 2.50% SILVER 57.74 ▼ 3.81% SOY 1,246 ▲ 1.03% CORN 488.00 ▲ 5.63% WHEAT 698.25 ▼ 1.06% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 146.55 ▼ 2.50% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.53 ▼ 0.75% CATTLE 340.00 ▼ 0.34% LITHIUM 68.87 ▼ 0.20% PETR4 43.24 ▲ 1.55% VALE3 75.73 ▲ 0.84% ITUB4 42.45 ▼ 1.05% BBDC4 18.76 ▼ 1.11% ABEV3 15.90 ▼ 1.43% BBAS3 20.92 ▼ 0.81% B3SA3 15.58 ▼ 2.01% WEGE3 44.94 ▼ 3.85% PRIO3 61.10 ▲ 2.23% SUZB3 41.86 ▼ 1.88% RENT3 36.76 ▼ 1.02% AZZA3 17.23 ▼ 3.26% CSAN3 3.89 ▼ 0.77% RAIZ4 0.27 — 0.00% PCAR3 2.83 ▲ 2.91% GMAT3 3.84 ▼ 1.79% PSSA3 55.44 ▼ 0.02% CVCB3 1.30 ▲ 2.36% POSI3 3.66 ▼ 1.08% SLCE3 13.84 ▼ 0.86% NATU3 8.62 ▼ 0.69% BRKM5 6.23 ▲ 2.64% RANI3 7.91 ▼ 1.13% CSNA3 5.37 ▼ 0.19% CMIN3 5.87 ▲ 0.51% USIM5 8.56 ▼ 1.04% GGBR4 24.20 ▲ 0.58% ENEV3 25.53 ▼ 1.69% CPFE3 46.21 ▼ 1.07% CMIG4 11.17 ▼ 0.36% EQTL3 38.76 ▼ 1.50% LREN3 13.27 ▼ 1.99% VIVT3 34.59 ▼ 2.23% RAIL3 13.97 ▲ 2.42% KLABIN 17.45 ▼ 2.68% RAIA DROGASIL 18.28 ▼ 0.05% RDOR3 33.86 ▼ 1.83% HAPV3 10.87 ▼ 4.57% FLRY3 16.61 ▼ 0.24% SMTO3 15.86 ▼ 1.18% UGPA3 33.19 ▲ 1.10% VBBR3 35.34 ▲ 1.03% BBSE3 42.53 ▼ 0.12% BPAC11 55.92 ▼ 1.93% CURY3 29.56 ▼ 2.12% AERI3 2.04 ▼ 0.49% VIVARA 21.60 ▲ 0.23% COMPASS 24.94 ▲ 0.52% VAMOS 3.17 ▼ 1.86% SANB11 26.63 ▼ 1.19% ASAI3 8.08 ▼ 3.81% SBSP3 28.76 ▼ 1.81% WALMEX 47.16 ▼ 3.06% GMEXICO 210.99 ▼ 1.87% FEMSA 223.90 ▼ 1.69% CEMEX 21.63 ▼ 2.44% GFNORTE 191.16 ▼ 0.24% BIMBO 59.47 ▼ 1.38% TELEVISA 9.89 ▲ 0.71% AMX 22.90 ▲ 0.93% GAP 378.84 ▲ 0.56% ASUR 270.98 ▼ 0.93% OMA 228.59 ▼ 0.05% KOF 180.86 ▼ 0.98% GRUMA 272.00 ▼ 3.01% KIMBER 39.30 ▲ 1.24% SQM-B 66,300 ▲ 1.91% COPEC 6,456 ▼ 1.44% BSANTANDER 79.68 ▼ 0.21% FALABELLA 6,087 ▲ 0.75% ENELAM 84.53 — 0.00% CENCOSUD 1,980 ▼ 1.48% CMPC 1,055 ▼ 1.40% BANCO CHILE 191.52 ▼ 1.02% LATAM AIR 23.61 ▼ 1.99% YPF 83,650 ▲ 1.39% GGAL 8,045 ▼ 2.78% PAMPA 5,675 ▲ 0.89% TXAR 676.50 ▲ 1.27% ALUAR 984.00 ▲ 1.03% TGS 10,050 ▲ 1.46% CEPU 2,421 ▲ 0.41% MIRGOR 16,800 ▼ 0.74% COME 42.74 ▼ 0.93% LOMA NEGRA 3,793 ▼ 0.46% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,285 ▼ 3.05% ECOPETROL 16.75 ▲ 0.36% BANCOLOMBIA 86.11 ▲ 1.71% GRUPO AVAL 4.91 ▼ 2.58% CREDICORP 389.65 ▼ 1.02% SOUTHERN COPPER 183.72 ▼ 6.02% BUENAVENTURA 31.25 ▼ 2.62% MERCADOLIBRE 1,792 ▼ 0.37% NUBANK 14.13 ▼ 2.65% XP 16.97 ▼ 1.94% PAGSEGURO 9.40 ▼ 2.84% STONE 10.94 ▼ 3.74% GLOBANT 30.16 ▼ 1.66% TECNOGLASS 43.60 ▼ 3.59% GAP AIRPORT 217.55 ▲ 0.00% ASUR 270.98 ▼ 0.93% OMA AIRPORT 104.55 ▼ 0.76% AMX ADR 26.08 ▼ 0.15% FEMSA ADR 127.72 ▼ 2.44% CEMEX ADR 12.21 ▼ 4.05% PETROBRAS ADR 19.17 ▲ 1.48% VALE ADR 14.86 ▲ 0.07% ITAU ADR 8.34 ▼ 1.71% SANTANDER BR 5.34 ▼ 2.11% AMBEV ADR 3.10 ▼ 1.43% CSN 1.08 ▼ 0.92% GERDAU 4.76 ▼ 0.21% LATAM ADR 49.69 ▼ 3.06% BTC 64,704 ▼ 2.11% ETH 1,878 ▼ 2.85% SOL 75.67 ▼ 2.87% XRP 1.10 ▼ 3.30% BNB 565.93 ▼ 0.85% ADA 0.17 ▼ 3.10% DOGE 0.07 ▼ 5.03% AVAX 6.23 ▼ 5.85% LINK 8.45 ▼ 2.06% DOT 0.81 ▼ 3.02% LTC 46.53 ▼ 1.15% BCH 209.87 ▼ 4.59% TRX 0.33 ▼ 0.66% XLM 0.18 ▼ 2.99% HBAR 0.07 ▼ 1.13% NEAR 1.88 ▲ 0.43% ATOM 1.42 ▼ 3.04% AAVE 95.46 ▼ 1.95% SELIC 14.25% EMBRAER 83.11 ▼ 0.81% EMBRAER ADR 65.36 ▼ 1.04% JBS 12.00 ▼ 2.08% JBS BDR 61.02 ▼ 1.26% MBRF3 15.68 ▼ 2.18% MBRFY 3.05 ▼ 4.39% INTER 5.45 ▼ 4.31% IBOV 176,501.85 ▼ 0.59% IPSA 10,959.17 ▼ 0.45% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL 5.09 ▲ 0.67% USD/MXN 17.52 ▲ 0.75% USD/CLP 947.12 ▲ 1.23% USD/COP 3,196 ▼ 0.98% USD/PEN 3.39 ▼ 0.25% USD/ARS 1,489 ▲ 0.40% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 57.95 ▼ 0.09% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.48% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.79 ▼ 0.19% BRENT 101.88 ▲ 8.30% WTI 93.29 ▲ 7.44% IRON ORE 161.91 — — COPPER 6.32 ▼ 1.98% GOLD 4,043 ▼ 2.50% SILVER 57.74 ▼ 3.81% SOY 1,246 ▲ 1.03% CORN 488.00 ▲ 5.63% WHEAT 698.25 ▼ 1.06% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 146.55 ▼ 2.50% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.53 ▼ 0.75% CATTLE 340.00 ▼ 0.34% LITHIUM 68.87 ▼ 0.20% PETR4 43.24 ▲ 1.55% VALE3 75.73 ▲ 0.84% ITUB4 42.45 ▼ 1.05% BBDC4 18.76 ▼ 1.11% ABEV3 15.90 ▼ 1.43% BBAS3 20.92 ▼ 0.81% B3SA3 15.58 ▼ 2.01% WEGE3 44.94 ▼ 3.85% PRIO3 61.10 ▲ 2.23% SUZB3 41.86 ▼ 1.88% RENT3 36.76 ▼ 1.02% AZZA3 17.23 ▼ 3.26% CSAN3 3.89 ▼ 0.77% RAIZ4 0.27 — 0.00% PCAR3 2.83 ▲ 2.91% GMAT3 3.84 ▼ 1.79% PSSA3 55.44 ▼ 0.02% CVCB3 1.30 ▲ 2.36% POSI3 3.66 ▼ 1.08% SLCE3 13.84 ▼ 0.86% NATU3 8.62 ▼ 0.69% BRKM5 6.23 ▲ 2.64% RANI3 7.91 ▼ 1.13% CSNA3 5.37 ▼ 0.19% CMIN3 5.87 ▲ 0.51% USIM5 8.56 ▼ 1.04% GGBR4 24.20 ▲ 0.58% ENEV3 25.53 ▼ 1.69% CPFE3 46.21 ▼ 1.07% CMIG4 11.17 ▼ 0.36% EQTL3 38.76 ▼ 1.50% LREN3 13.27 ▼ 1.99% VIVT3 34.59 ▼ 2.23% RAIL3 13.97 ▲ 2.42% KLABIN 17.45 ▼ 2.68% RAIA DROGASIL 18.28 ▼ 0.05% RDOR3 33.86 ▼ 1.83% HAPV3 10.87 ▼ 4.57% FLRY3 16.61 ▼ 0.24% SMTO3 15.86 ▼ 1.18% UGPA3 33.19 ▲ 1.10% VBBR3 35.34 ▲ 1.03% BBSE3 42.53 ▼ 0.12% BPAC11 55.92 ▼ 1.93% CURY3 29.56 ▼ 2.12% AERI3 2.04 ▼ 0.49% VIVARA 21.60 ▲ 0.23% COMPASS 24.94 ▲ 0.52% VAMOS 3.17 ▼ 1.86% SANB11 26.63 ▼ 1.19% ASAI3 8.08 ▼ 3.81% SBSP3 28.76 ▼ 1.81% WALMEX 47.16 ▼ 3.06% GMEXICO 210.99 ▼ 1.87% FEMSA 223.90 ▼ 1.69% CEMEX 21.63 ▼ 2.44% GFNORTE 191.16 ▼ 0.24% BIMBO 59.47 ▼ 1.38% TELEVISA 9.89 ▲ 0.71% AMX 22.90 ▲ 0.93% GAP 378.84 ▲ 0.56% ASUR 270.98 ▼ 0.93% OMA 228.59 ▼ 0.05% KOF 180.86 ▼ 0.98% GRUMA 272.00 ▼ 3.01% KIMBER 39.30 ▲ 1.24% SQM-B 66,300 ▲ 1.91% COPEC 6,456 ▼ 1.44% BSANTANDER 79.68 ▼ 0.21% FALABELLA 6,087 ▲ 0.75% ENELAM 84.53 — 0.00% CENCOSUD 1,980 ▼ 1.48% CMPC 1,055 ▼ 1.40% BANCO CHILE 191.52 ▼ 1.02% LATAM AIR 23.61 ▼ 1.99% YPF 83,650 ▲ 1.39% GGAL 8,045 ▼ 2.78% PAMPA 5,675 ▲ 0.89% TXAR 676.50 ▲ 1.27% ALUAR 984.00 ▲ 1.03% TGS 10,050 ▲ 1.46% CEPU 2,421 ▲ 0.41% MIRGOR 16,800 ▼ 0.74% COME 42.74 ▼ 0.93% LOMA NEGRA 3,793 ▼ 0.46% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,285 ▼ 3.05% ECOPETROL 16.75 ▲ 0.36% BANCOLOMBIA 86.11 ▲ 1.71% GRUPO AVAL 4.91 ▼ 2.58% CREDICORP 389.65 ▼ 1.02% SOUTHERN COPPER 183.72 ▼ 6.02% BUENAVENTURA 31.25 ▼ 2.62% MERCADOLIBRE 1,792 ▼ 0.37% NUBANK 14.13 ▼ 2.65% XP 16.97 ▼ 1.94% PAGSEGURO 9.40 ▼ 2.84% STONE 10.94 ▼ 3.74% GLOBANT 30.16 ▼ 1.66% TECNOGLASS 43.60 ▼ 3.59% GAP AIRPORT 217.55 ▲ 0.00% ASUR 270.98 ▼ 0.93% OMA AIRPORT 104.55 ▼ 0.76% AMX ADR 26.08 ▼ 0.15% FEMSA ADR 127.72 ▼ 2.44% CEMEX ADR 12.21 ▼ 4.05% PETROBRAS ADR 19.17 ▲ 1.48% VALE ADR 14.86 ▲ 0.07% ITAU ADR 8.34 ▼ 1.71% SANTANDER BR 5.34 ▼ 2.11% AMBEV ADR 3.10 ▼ 1.43% CSN 1.08 ▼ 0.92% GERDAU 4.76 ▼ 0.21% LATAM ADR 49.69 ▼ 3.06% BTC 64,704 ▼ 2.11% ETH 1,878 ▼ 2.85% SOL 75.67 ▼ 2.87% XRP 1.10 ▼ 3.30% BNB 565.93 ▼ 0.85% ADA 0.17 ▼ 3.10% DOGE 0.07 ▼ 5.03% AVAX 6.23 ▼ 5.85% LINK 8.45 ▼ 2.06% DOT 0.81 ▼ 3.02% LTC 46.53 ▼ 1.15% BCH 209.87 ▼ 4.59% TRX 0.33 ▼ 0.66% XLM 0.18 ▼ 2.99% HBAR 0.07 ▼ 1.13% NEAR 1.88 ▲ 0.43% ATOM 1.42 ▼ 3.04% AAVE 95.46 ▼ 1.95% SELIC 14.25% EMBRAER 83.11 ▼ 0.81% EMBRAER ADR 65.36 ▼ 1.04% JBS 12.00 ▼ 2.08% JBS BDR 61.02 ▼ 1.26% MBRF3 15.68 ▼ 2.18% MBRFY 3.05 ▼ 4.39% INTER 5.45 ▼ 4.31%
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Opinion: Brazil’s Citizens Re-United

By · September 21, 2015 · 2 min read

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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – The Brazilian Supreme Court (STF) has just dared do what the United States Supreme Court (SCOTUS) did not dare to do: stand up to Big Business. In an 8-3 vote, STF declared that a law permitting companies to make political contributions, whether to parties or to candidates, was unconstitutional.

Michael Royster, aka The Curmudgeon.
Michael Royster, aka The Curmudgeon.
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Hallelujah! Unlike SCOTUS, a majority of STF Justices figured out that corporations do not actually vote, they simply buy votes through contributions to political campaigns; the votes they buy are typically those of politicians who support their “business” objectives.

These “business” objectives, as has become clear with the Lava Jato and other related investigations, are usually illegal: bid rigging, cartels and price fixing are the norm in Brazilian heavy construction and numerous other industries.

Needless to say, the owners and directors of Brazil’s major industries have become even more rich than they were, either squirreling their ill-gotten gains offshore or using hapless go-betweens (“laranjas”) in Brazil itself, where bank secrecy laws ensure (or used to ensure) no one would know.

More importantly, the owners and directors of Brazil’s major industries have also ensured that Brazil’s major politicians have likewise been able to feather their personal nests to a degree previously unimaginable in a democratic society.

Ask any Brazilian you know to name one single Brazilian politician who is not on the take from some corporation that wants his or her vote.

Ask any Brazilian you know to name a single Brazilian political party, any of the thirty and more, that is not on the take from some corporation that wants its votes.

Ask any Brazilian you know to name a single Brazilian politician or political party that truly has the interests of the Brazilian people in mind, rather than their own personal interests in getting rich.

Do not be surprised when no Brazilian you know can name anyone at all. But do not give up hope.

The STF decision has given Brazil an opportunity to forsake the populist/plutocratic model implanted by the 1988 Constitution and rigged by all parties and politicians since for their own private gain. As long as the Brazilian judiciary and the Public Ministry stand firm, there is hope for Brazil.

The alternative is Venezuela or Argentina. Or Donald Trump.

The Curmudgeon will emit more Smidgens opportunely, hopefully less dismal.

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