Opinion: The Curmudgeon on the Apocalypse

Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL - One of the hallmarks of Brazil’s economic growth in the past dozen years under Lula and Dilma has been the creation of infrastructure. Vast public works require expertise in the construction of roads, dams, canals, pipelines, airports and seaports, refineries and more. In other words, there is no place for small fry in these projects.

There are fewer than a dozen Brazilian construction companies capable of executing public works. They are all privately owned, and are all among the largest (official) contributors to political campaigns. Importantly, all of them easily obtain . . .

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