IBOV 170,580.38 ▼ 0.25% IPC MEX 69,182.39 ▼ 0.76% MERVAL 2,848,945 — — USD/BRL5.39▲ 0.66% USD/MXN18.79▲ 0.84% USD/CLP991.08▲ 0.33% USD/COP3,158▲ 0.27% USD/PEN3.46▲ 0.21% USD/ARS1,540▼ 0.11% USD/UYU40.10▲ 3.30% USD/PYG5,838▲ 3.76% USD/BOB12.05▲ 4.53% USD/DOP60.36▲ 0.43% USD/CRC451.45▲ 2.55% USD/GTQ7.64▲ 3.31% USD/HNL26.87▲ 0.27% USD/NIO36.62▼ 0.02% USD/VES886.67▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 2.42% USD/TTD6.70▲ 2.01% EUR/BRL6.01▲ 0.98% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 170,580.38 ▼ 0.25% IPC MEX 69,182.39 ▼ 0.76% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
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Thursday, October 29, 2026

Opinion: Brazil’s Bolsonaro: Legend or Myth?

By · October 27, 2018 · 3 min read

Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – The second round in the presidential election will occur this Sunday, October 28th. Notwithstanding recent trends in polls, it is almost a foregone conclusion that Jair Bolsonaro will be elected President of Brazil.

Michael Royster, aka The Curmudgeon.
Michael Royster, aka The Curmudgeon.
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Bolsonaro’s fan base often refer to him as “Mito”, which most English publications properly render as “legend” rather than “myth”; compare “a legend in his own time” with “the myth of Prometheus”.

The Curmudgeon respectively dissents from the moniker. Heroes become legends, failed heroes become myths. The Curmudgeon submits that Bolsonaro is a myth.

Consider first his military background. He twice encouraged strikes in favor of higher pay for the lower ranks, and was almost cashiered as a result. His final rank was only captain; without the insubordination he would surely have been at least a colonel.

Consider next his political career. He was elected a federal deputy in 1990, and has been re-elected six times, with growing popularity. With all that experience, one would expect him to have a significant legislative record. That is decidedly not the case — he has remained an insignificant back-bencher for almost three decades.

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Consider his political party affiliations. Typically, long-standing members of legislatures remain in one party for lengthy periods, so as to gain positions of importance in committees and commissions. Bolsonaro’s current party (PSL) is his 9th and until 2018 was a minnow with almost no representation in Congress.

Consider his economic programs and projects for Brazil. Or, rather, don’t bother, because he has admitted he does not have any economic projects or programs; he’ll leave those to his finance guru Paulo Guedes. Guedes is known to favor privatization of state enterprises, but Bolsonaro has voted against privatizations.

Consider his chief political program: more “security” in these trouble times. The Bolsonaro plan: (a) give people more guns; (b) throw 16-year olds in adult jails; and (c) prohibit prosecuting police who murder suspected criminals. This philosophy is nicely summarized as “the only good bandido is a dead bandido.”

Consider his religious pose. He claims to be “evangelical” but has been divorced twice. Worse yet, he is an acknowledged homophobe, misogynist, racist, and apologist for torture. The second great commandment — love thy neighbor as thyself — is not part of his religion.

Summing up, in the Curmudgeon’s view candidate Bolsonaro is a myth, as shown by: (1) his tainted military background; (2) his insipid political career and myriad party affiliations; (3) his non-existent economic and violent political programs; and (4) his hypocritical religious stance.

Given all these factors, which are widely published and well known to voters, the Curmudgeon’s readers should ask: Why will Brazilians elect Bolsonaro their next President?

The answer is simple: Bolsonaro is the antithesis of former President Lula, who thought of himself as a legend in his own time, but ended up as a failed hero: an incarcerated myth.

In 2014, Lula’s hubris led him to permit Dilma’s re-election; in 2018 it led him to believe in his own re-election. Hubris undid Lula, as it undid the mythical Sisyphus and Prometheus.

To his credit, Bolsonaro has not himself ascribed to the “Mito” sobriquet, so there is hope yet for Brazil’s future.

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Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

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