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BBAS3 21.24 ▼ 0.52% B3SA3 15.61 ▼ 0.76% WEGE3 47.75 ▲ 1.17% PRIO3 58.91 ▼ 3.19% SUZB3 43.28 ▼ 0.09% RENT3 37.79 ▲ 0.48% AZZA3 15.99 ▼ 2.62% CSAN3 4.09 ▲ 0.49% RAIZ4 0.25 ▼ 3.85% PCAR3 2.68 ▲ 3.47% GMAT3 3.99 ▼ 0.99% PSSA3 54.65 ▼ 0.09% CVCB3 1.36 ▲ 3.82% POSI3 3.54 ▼ 0.28% SLCE3 13.41 ▲ 0.22% NATU3 8.44 ▲ 0.72% BRKM5 5.94 ▼ 0.50% RANI3 8.23 ▲ 1.48% CSNA3 4.46 ▼ 7.85% CMIN3 5.65 ▼ 1.05% USIM5 7.45 ▲ 1.22% GGBR4 24.97 ▼ 0.04% ENEV3 26.71 ▲ 1.52% CPFE3 45.87 ▼ 0.59% CMIG4 11.19 ▼ 1.32% EQTL3 38.72 ▲ 0.16% LREN3 13.89 ▲ 2.13% VIVT3 32.36 ▼ 0.83% RAIL3 14.14 ▼ 2.08% KLABIN 18.19 ▼ 0.33% RAIA DROGASIL 18.55 ▲ 0.38% RDOR3 34.36 ▼ 0.81% HAPV3 11.61 ▲ 2.93% FLRY3 17.27 ▲ 0.76% SMTO3 14.55 ▲ 0.21% UGPA3 32.88 ▼ 0.51% VBBR3 36.06 ▲ 0.03% BBSE3 41.52 ▲ 0.63% BPAC11 56.92 ▲ 0.21% CURY3 31.04 ▲ 3.16% AERI3 2.17 ▲ 0.93% VIVARA 22.51 ▲ 1.49% COMPASS 24.71 ▼ 0.52% VAMOS 3.29 ▼ 1.50% SANB11 28.69 ▲ 0.24% ASAI3 8.48 ▼ 0.24% SBSP3 27.25 ▼ 1.62% WALMEX 50.23 ▼ 0.04% GMEXICO 210.87 ▲ 1.52% FEMSA 218.40 ▼ 1.38% CEMEX 20.65 ▲ 0.68% GFNORTE 198.81 ▼ 0.88% BIMBO 61.75 ▼ 0.34% TELEVISA 9.61 ▼ 2.04% AMX 21.74 ▼ 1.50% GAP 373.86 ▼ 0.71% ASUR 277.17 ▲ 0.56% OMA 229.77 ▼ 0.67% KOF 186.58 ▼ 0.36% GRUMA 261.48 ▲ 1.26% KIMBER 40.11 ▼ 0.22% SQM-B 62,126 ▼ 0.92% COPEC 6,303 ▼ 0.74% BSANTANDER 79.90 ▼ 1.35% FALABELLA 6,240 ▲ 0.39% ENELAM 87.77 ▼ 0.25% CENCOSUD 1,952 ▼ 0.15% CMPC 1,060 ▲ 0.47% BANCO CHILE 190.00 ▼ 1.92% LATAM AIR 25.26 ▲ 2.10% YPF 8,220 ▼ 0.84% GGAL 7,955 ▲ 0.93% PAMPA 5,510 ▼ 0.81% TXAR 656.00 ▼ 0.53% ALUAR 964.00 ▼ 1.38% TGS 9,975 ▼ 0.75% CEPU 2,378 ▼ 0.75% MIRGOR 16,150 ▼ 1.22% COME 43.50 ▼ 1.20% LOMA NEGRA 3,563 ▼ 1.59% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,410 ▲ 0.06% ECOPETROL 16.65 ▼ 0.75% BANCOLOMBIA 91.18 ▼ 1.45% GRUPO AVAL 5.27 ▼ 0.19% CREDICORP 399.77 ▼ 0.20% SOUTHERN COPPER 184.97 ▲ 1.24% BUENAVENTURA 30.15 ▼ 0.43% MERCADOLIBRE 1,890 ▲ 0.65% NUBANK 14.40 ▲ 0.49% XP 17.06 ▲ 0.00% PAGSEGURO 9.68 ▲ 0.36% STONE 11.28 ▼ 0.84% GLOBANT 37.03 ▲ 1.17% TECNOGLASS 45.21 ▲ 4.07% GAP 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USD/CLP 925.08 ▼ 0.65% USD/COP 3,228 ▲ 0.77% USD/PEN 3.38 ▼ 0.34% USD/ARS 1,494 ▲ 0.57% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 58.13 ▲ 0.24% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.24% USD/TTD 6.74 ▲ 1.26% EUR/BRL 5.84 ▼ 0.35% BRENT 84.04 ▼ 6.75% WTI 79.78 ▼ 5.78% IRON ORE 161.91 — — COPPER 6.52 ▲ 1.29% GOLD 4,093 ▲ 1.08% SILVER 57.56 ▼ 0.06% SOY 1,190 ▲ 1.49% CORN 469.50 ▲ 6.52% WHEAT 649.00 ▲ 1.53% COFFEE 320.80 ▼ 3.40% SUGAR 14.91 ▲ 1.71% ORANGE JUICE 156.00 ▲ 0.68% COTTON 81.39 ▲ 1.11% COCOA 5,888 ▲ 9.10% BEEF 228.78 ▼ 1.28% CATTLE 346.33 ▼ 0.49% LITHIUM 69.17 ▼ 0.07% PETR4 42.96 ▼ 1.06% VALE3 74.28 ▼ 2.62% ITUB4 43.02 ▲ 0.35% BBDC4 18.47 ▲ 0.32% ABEV3 15.95 ▼ 0.25% BBAS3 21.24 ▼ 0.52% B3SA3 15.61 ▼ 0.76% WEGE3 47.75 ▲ 1.17% PRIO3 58.91 ▼ 3.19% SUZB3 43.28 ▼ 0.09% RENT3 37.79 ▲ 0.48% AZZA3 15.99 ▼ 2.62% CSAN3 4.09 ▲ 0.49% RAIZ4 0.25 ▼ 3.85% PCAR3 2.68 ▲ 3.47% GMAT3 3.99 ▼ 0.99% PSSA3 54.65 ▼ 0.09% CVCB3 1.36 ▲ 3.82% POSI3 3.54 ▼ 0.28% SLCE3 13.41 ▲ 0.22% NATU3 8.44 ▲ 0.72% BRKM5 5.94 ▼ 0.50% RANI3 8.23 ▲ 1.48% CSNA3 4.46 ▼ 7.85% CMIN3 5.65 ▼ 1.05% USIM5 7.45 ▲ 1.22% GGBR4 24.97 ▼ 0.04% ENEV3 26.71 ▲ 1.52% CPFE3 45.87 ▼ 0.59% CMIG4 11.19 ▼ 1.32% EQTL3 38.72 ▲ 0.16% LREN3 13.89 ▲ 2.13% VIVT3 32.36 ▼ 0.83% RAIL3 14.14 ▼ 2.08% KLABIN 18.19 ▼ 0.33% RAIA DROGASIL 18.55 ▲ 0.38% RDOR3 34.36 ▼ 0.81% HAPV3 11.61 ▲ 2.93% FLRY3 17.27 ▲ 0.76% SMTO3 14.55 ▲ 0.21% UGPA3 32.88 ▼ 0.51% VBBR3 36.06 ▲ 0.03% BBSE3 41.52 ▲ 0.63% BPAC11 56.92 ▲ 0.21% CURY3 31.04 ▲ 3.16% AERI3 2.17 ▲ 0.93% VIVARA 22.51 ▲ 1.49% COMPASS 24.71 ▼ 0.52% VAMOS 3.29 ▼ 1.50% SANB11 28.69 ▲ 0.24% ASAI3 8.48 ▼ 0.24% SBSP3 27.25 ▼ 1.62% WALMEX 50.23 ▼ 0.04% GMEXICO 210.87 ▲ 1.52% FEMSA 218.40 ▼ 1.38% CEMEX 20.65 ▲ 0.68% GFNORTE 198.81 ▼ 0.88% BIMBO 61.75 ▼ 0.34% TELEVISA 9.61 ▼ 2.04% AMX 21.74 ▼ 1.50% GAP 373.86 ▼ 0.71% ASUR 277.17 ▲ 0.56% OMA 229.77 ▼ 0.67% KOF 186.58 ▼ 0.36% GRUMA 261.48 ▲ 1.26% KIMBER 40.11 ▼ 0.22% SQM-B 62,126 ▼ 0.92% COPEC 6,303 ▼ 0.74% BSANTANDER 79.90 ▼ 1.35% FALABELLA 6,240 ▲ 0.39% ENELAM 87.77 ▼ 0.25% CENCOSUD 1,952 ▼ 0.15% CMPC 1,060 ▲ 0.47% BANCO CHILE 190.00 ▼ 1.92% LATAM AIR 25.26 ▲ 2.10% YPF 8,220 ▼ 0.84% GGAL 7,955 ▲ 0.93% PAMPA 5,510 ▼ 0.81% TXAR 656.00 ▼ 0.53% ALUAR 964.00 ▼ 1.38% TGS 9,975 ▼ 0.75% CEPU 2,378 ▼ 0.75% MIRGOR 16,150 ▼ 1.22% COME 43.50 ▼ 1.20% LOMA NEGRA 3,563 ▼ 1.59% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,410 ▲ 0.06% ECOPETROL 16.65 ▼ 0.75% BANCOLOMBIA 91.18 ▼ 1.45% GRUPO AVAL 5.27 ▼ 0.19% CREDICORP 399.77 ▼ 0.20% SOUTHERN COPPER 184.97 ▲ 1.24% BUENAVENTURA 30.15 ▼ 0.43% MERCADOLIBRE 1,890 ▲ 0.65% NUBANK 14.40 ▲ 0.49% XP 17.06 ▲ 0.00% PAGSEGURO 9.68 ▲ 0.36% STONE 11.28 ▼ 0.84% GLOBANT 37.03 ▲ 1.17% TECNOGLASS 45.21 ▲ 4.07% GAP AIRPORT 215.87 ▼ 0.68% ASUR 277.17 ▲ 0.56% OMA AIRPORT 105.71 ▼ 1.12% AMX ADR 25.06 ▼ 1.14% FEMSA ADR 125.64 ▼ 1.84% CEMEX ADR 11.90 ▲ 0.68% PETROBRAS ADR 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Op-Ed Guest Opinions

Gringo View Opinion: The Bananas in Brazil Are So Good

By · July 15, 2020 · 4 min read

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RIO DE JANEIRO, BRAZIL – (Opinion) It has certainly been easy to trash Brazil lately. It seems to have become a mini-industry for the world’s media.

The NYTimes, the Economist, and many others have focused on what’s wrong with the country: its exploding Covid-19 cases; its cavalier, reckless, hapless and now Covid-19 infected president; its depressed economy; its Amazon fires claiming and destroying more and more of what is called, rightly or wrongly, ‘the lungs of the planet’; and its criminal disregard for indigenous people.

One hears with increasing regularity tired old one-liners like “Brazil is the country of the future and always will be.” I think it’s time to push back.

You can always tell when a Latin American crisis story is getting through. Gringos like me notice an increase in the messages from friends and family abroad asking when I’m coming ‘home’. When am I going to jilt my love affair with Brazil and ‘get wise’? Obviously unmoved by the US’s descending position in the world order and its well-documented discontent, they have trouble believing that ‘home’ can be anywhere other than the ‘good ole USA’.

Decrying its fall from leadership, Nobel economics laureate Paul Krugman wrote recently; “I don’t think any other advanced country (but are we still an advanced country?) has a comparable number of people who respond with rage when asked to wear a mask in a supermarket. There definitely isn’t any other advanced country where demonstrators against public health measures would wave guns around and invade state capitols.”

When a Brazilian friend was asked smugly by one of my visiting countrymen, why he would chose to live in a ‘banana republic’, he answered without hesitation: “Because the bananas are so good”. At first glance that may seem a decidedly facile response and a false equivalence but it highlights what is really important to Brazilians and what isn’t.
When a Brazilian friend was asked smugly by one of my visiting countrymen, why he would chose to live in a ‘banana republic’, he answered without hesitation: “Because the bananas are so good”. (Photo internet reproduction)
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There have been, and continue to be, large and mostly peaceful demonstrations in Brazilian streets, although many people, sensibly eager to avoid crowds and possible virus infection, have stayed away, reducing their size. These are not principally demonstrations of unity with the Black Lives Matter movement, but rather about the Brazilian government’s copy-cat failure to give leadership in battling corruption and the pandemic.

Feelings supporting BLM are strong here, but unlike the US, black and multiracial people in Brazil do not see themselves as a united ethnic group easily identified under the BLM banner, but rather as much more loosely defined cohorts.

Research from LABS (Latin America Business Stories) reported: “In 1976, when census researchers asked citizens to describe their own skin color, without any options to choose from … the thousands of Brazilians surveyed gave the researchers a list of 136 different colors, ranging from ‘coffee,’ ‘cinnamon’ and ‘honey’ to ‘toasted,’ ‘singed’ and even ‘wheat’.” Brazilians don’t take themselves too seriously and poke fun, not assault rifles, at bureaucrats.

The problem with all the media trashing going on is that ‘bad’ news always gains more viewers and readers than ‘good’. It’s too easy to downgrade a country based on rotten leadership. There are always other, perhaps less visible, aspects that deserve consideration. One way or another, Brazil has developed a vibrant culture as diverse as its people.
Seen from the perspective of a ‘foreigner’, albeit one who has lived here for more than two decades, Brazil’s ‘soft’ assets should be valued as highly as, or higher than, its ‘hard’ liabilities.

When a Brazilian friend was asked smugly, by one of my visiting countrymen, why he would chose to live in a ‘banana republic’, he answered without hesitation: “Because the bananas are so good.” At first glance that may seem a decidedly facile response and a false equivalence, but it highlights what is really important to Brazilians and what isn’t.

Bananas are just one of the soft assets. So are the delicious fresh pineapples we eat every day, unrecognizable when compared with those perfectly rounded, almost tasteless slices out of the Dole can, a feature of my childhood tasting more like plastic than the real thing. That fresh taste is true of almost everything we eat, one reason why even in the current economic doldrums, Brazilian agriculture, a massive contributor to the Brazilian economy, is booming.

It’s not highlighted in large type on Florida orange juice labels or in stories about Brazil’s difficulties (although perhaps it should be) but “more than 50 percent of all orange juice bottled by major companies like Tropicana is supplied by a Brazilian company, shipped in specialized fruit juice tankers from the Port of Santos in Sao Paulo. In 2017, this OJ export market was worth $1.4 billion.”

That’s not peanuts (to mix a metaphor). Add soybeans, corn, wheat, sugarcane, and coffee plus beef and pork products and the sector is something to reasonably brag about. So too is the high level of technological support for developing new types of seeds and advanced agricultural processes.

In my experience, most Brazilians are not often braggarts; they tend to understate rather than overstate. What’s more important to them than kudos is the joy of living. They measure wealth more in pleasure than monetary value and material acquisition. They are mostly happy and rate higher on the world happiness index than the US, which enjoys (or is that the right word?) hugely greater prosperity.

What gets all too little mention in the popular Brazil-bashing commentary is the Brazilian ‘happiness quotient’, that special human quality of the population which has a very positive outlook, no matter how poor the present climate. Unfortunately, happiness doesn’t often make headlines.

Returning from the US many years ago, Antônio Carlos Jobim, the godfather of bossa nova, was asked how he felt coming back to Brazil. His answer sums up something detractors should try to understand: “To live in other countries is great, but it’s shit. To live in Brazil is shit, but it’s great.”

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