IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL5.64▲ 1.06% USD/MXN18.57▼ 0.16% USD/CLP994.00▲ 1.14% USD/COP3,302▼ 0.16% USD/PEN3.41▲ 0.06% USD/ARS1,545▲ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,185▲ 3.33% USD/BOB11.60▲ 0.86% USD/DOP60.47▲ 0.03% USD/CRC445.25▲ 1.62% USD/GTQ7.65▲ 3.31% USD/HNL26.90▲ 3.30% USD/NIO36.62▲ 2.73% USD/VES909.35▲ 0.67% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 2.15% USD/TTD6.71▲ 2.19% EUR/BRL6.24▲ 0.10% BRENT 95.13 ▼ 0.72% WTI 88.15 ▼ 0.66% IRON ORE 161.91 — — COPPER 6.24 ▲ 0.93% GOLD 3,916 ▲ 0.80% SILVER 50.67 ▲ 1.39% SOY 1,226 ▼ 0.12% CORN 445.75 ▲ 0.73% WHEAT 590.00 ▲ 0.98% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 0.92% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42% IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL 5.64 ▲ 1.06% USD/MXN 18.57 ▼ 0.15% USD/CLP 994.00 ▲ 1.14% USD/COP 3,302 ▼ 0.16% USD/PEN 3.41 ▲ 0.06% USD/ARS 1,545 ▲ 0.03% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,185 ▲ 3.33% USD/BOB 11.60 ▲ 0.86% USD/DOP 60.47 ▲ 0.03% USD/CRC 445.25 ▲ 1.62% USD/GTQ 7.65 ▲ 3.31% USD/HNL 26.90 ▲ 3.30% USD/NIO 36.62 ▲ 2.73% USD/VES 909.35 ▲ 0.67% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 1.00% USD/TTD 6.71 ▲ 1.04% EUR/BRL 6.24 ▲ 0.10% BRENT 95.13 ▼ 0.72% WTI 88.15 ▼ 0.66% IRON ORE 161.91 — — COPPER 6.24 ▲ 0.93% GOLD 3,916 ▲ 0.80% SILVER 50.67 ▲ 1.39% SOY 1,226 ▼ 0.12% CORN 445.75 ▲ 0.73% WHEAT 590.00 ▲ 0.98% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 0.92% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42%
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Friday, November 13, 2026

Economy Minister Compared Unions to Nazism and Fascism

By · · 2 min read

RIO DE JANEIRO, BRAZIL – In defense of any reforms that could restore the country’s finances, the Minister of Economy, Paulo Guedes, criticized the actions of Brazilian unions. He described the behavior of worker’s defense organizations as the practices of leaders such as Adolf Hitler and Benito Mussolini.

Paulo Guedes, Brazilian Minister of Economy.
Paulo Guedes, Brazilian Minister of Economy.
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Guedes took part in a seminar that debated the need to approve the Provisional Measure of Economic Freedom at the Superior Court of Justice (STJ), in Brasília.

Addressing the necessary changes in labor relations, such as the creation of “legal security” for contracts, Guedes stressed that the union’s behavior is tied to totalitarian regimes.

“What if surgeons decided to halt all over Brazil until their salaries were adjusted by ten percent? Is this defending one’s rights or attacking the Brazilian population?” he criticized.

Guedes then pointed out: “They [unions] act like Hitler and Mussolini, who organized workers to defend their own interests. The unions were born in totalitarian regimes and were under the influence of the Brazilian dictatorship,” he said.

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According to him, during the military dictatorship in Brazil, union leaders allied with the regime to keep “super-soldiers”. The Armed Forces were in charge of the country between 1964 and 1985.

According to the minister, these organizations hamper changes that could improve the economy. “We are trying to change that. Before, Brazil used to welcome people. This was the border of growth. Today, everyone is leaving. Those who have money buy apartments in Miami,” he said.

Finally, Guedes advocated president Jair Bolsonaro’s reform agenda. In his view, the economic situation will only improve through “several reforms. Judging fairly, the time for reforms has come,” he added.

Guedes compared the unions to harshly criticized regimes. Nazism was born in the 1930s in Germany to strengthen the Germans at home. A conservative and protectionist approach marked the extreme of totalitarianism and resulted in the deaths of millions of people.

Fascism was born in Italy in the 1920s. The regime emphasized the nation and race over individual values and was represented by an autocratic government, centered on the image of a dictator.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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