IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.17% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL5.14▲ 0.57% USD/MXN17.51▲ 0.20% USD/CLP932.70▲ 0.85% USD/COP3,235▼ 0.35% USD/PEN3.41▲ 0.52% USD/ARS1,482▼ 0.37% USD/UYU 40.22 — 0.00% USD/PYG6,045▼ 0.17% USD/BOB10.35▲ 2.07% USD/DOP58.72▲ 0.41% USD/CRC448.53▼ 0.06% USD/GTQ7.62▼ 0.10% USD/HNL26.73▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES722.19▲ 0.24% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▼ 0.25% USD/TTD6.74▼ 0.12% EUR/BRL5.87▲ 0.80% BRENT 83.97 ▲ 10.47% WTI 79.20 ▲ 10.91% IRON ORE 161.91 — — COPPER 6.31 ▲ 1.24% GOLD 4,022 ▼ 2.01% SILVER 57.88 ▼ 3.23% SOY 1,188 ▼ 0.69% CORN 458.00 ▲ 4.57% WHEAT 634.50 ▲ 0.40% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.95 ▼ 0.11% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.61 ▼ 1.33% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.68 ▲ 1.05% GRUMA 281.37 ▼ 0.57% KIMBER 38.22 ▲ 0.24% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,326 ▼ 2.25% ETH 1,777 ▼ 1.58% SOL 74.94 ▼ 2.52% XRP 1.06 ▼ 2.09% BNB 567.58 ▼ 1.11% ADA 0.16 ▼ 3.25% DOGE 0.07 ▼ 1.27% AVAX 6.46 ▲ 0.91% LINK 7.90 ▼ 1.15% DOT 0.83 ▼ 1.68% LTC 43.42 ▼ 1.25% BCH 232.65 ▼ 3.05% TRX 0.32 ▼ 2.19% XLM 0.18 ▼ 4.03% HBAR 0.07 ▼ 2.55% NEAR 1.96 ▲ 3.51% ATOM 1.53 ▼ 2.31% AAVE 95.62 ▼ 1.49% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.03 ▲ 0.33% INTER 5.65 ▼ 2.92% IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.17% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL 5.14 ▲ 0.57% USD/MXN 17.51 ▲ 0.20% USD/CLP 932.70 ▲ 0.85% USD/COP 3,235 ▼ 0.35% USD/PEN 3.41 ▲ 0.52% USD/ARS 1,482 ▼ 0.37% USD/UYU 40.22 — 0.00% USD/PYG 6,045 ▼ 0.17% USD/BOB 10.35 ▲ 2.07% USD/DOP 58.72 ▲ 0.41% USD/CRC 448.53 ▼ 0.06% USD/GTQ 7.62 ▼ 0.10% USD/HNL 26.73 ▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES 722.19 ▲ 0.24% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.15% USD/TTD 6.74 ▲ 1.31% EUR/BRL 5.87 ▲ 0.80% BRENT 83.97 ▲ 10.47% WTI 79.20 ▲ 10.91% IRON ORE 161.91 — — COPPER 6.31 ▲ 1.24% GOLD 4,022 ▼ 2.01% SILVER 57.88 ▼ 3.23% SOY 1,188 ▼ 0.69% CORN 458.00 ▲ 4.57% WHEAT 634.50 ▲ 0.40% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.95 ▼ 0.11% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.61 ▼ 1.33% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.68 ▲ 1.05% GRUMA 281.37 ▼ 0.57% KIMBER 38.22 ▲ 0.24% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,326 ▼ 2.25% ETH 1,777 ▼ 1.58% SOL 74.94 ▼ 2.52% XRP 1.06 ▼ 2.09% BNB 567.58 ▼ 1.11% ADA 0.16 ▼ 3.25% DOGE 0.07 ▼ 1.27% AVAX 6.46 ▲ 0.91% LINK 7.90 ▼ 1.15% DOT 0.83 ▼ 1.68% LTC 43.42 ▼ 1.25% BCH 232.65 ▼ 3.05% TRX 0.32 ▼ 2.19% XLM 0.18 ▼ 4.03% HBAR 0.07 ▼ 2.55% NEAR 1.96 ▲ 3.51% ATOM 1.53 ▼ 2.31% AAVE 95.62 ▼ 1.49% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.03 ▲ 0.33% INTER 5.65 ▼ 2.92%
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Op-Ed Guest Opinions

Opinion: Understanding the Dangers Facing the Future of Democracy

By · February 12, 2020 · 4 min read

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SÃO PAULO, BRAZIL – (Opinion) The history of the bizarre political events of the past few weeks in the US might best be avoided here by understanding the dangers facing the future of democracy there and elsewhere throughout the world. Perhaps this understanding can provide some useful lessons for Brazilians, if it is not too late.

Donald Trump richly deserved to be impeached and lose his presidency as a result of his use of his office to extort the Ukraine, a US ally fighting against Russian incursion on their territory, to release already authorized and urgently needed military aid in return for the Ukraine starting an investigation of Joe Biden, his probable adversary in the coming 2020 presidential election.

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The history of the bizarre political events of the past few weeks in the US might best be avoided here by understanding the dangers facing the future of democracy there and elsewhere throughout the world.
The history of the bizarre political events of the past few weeks in the US might best be avoided here by understanding the dangers facing the future of democracy there and elsewhere throughout the world. (Photo internet reproduction)
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Trump escaped conviction and removal from office after an impeachment ‘trial’ in the Senate in which the Republican majority ignored the overwhelming evidence, voted against having any new witnesses or documents and acquitted the president. The trial was nothing more than a scripted reality show with less suspense than ‘Ultimate Beastmaster’ or ‘Big Brother Brazil’.

It was followed by Trump’s ‘State of the Union’ address, full of self-serving bravado and made-for-TV gimmicks like the surprise uniting of a soldier with his family and the awarding of a scholarship to a young African-American girl, a demonstration of pure popular entertainment, one of the few things Trump does exceedingly well. “Pro-wrestling theatrics” intoned the Russian website, ‘RT’.

In ancient Rome it would have been ‘bread and circuses’. Writing in ‘Huff Post’, William Astore said: “… the Roman use of bread and circuses — as a way to kill compassion to ensure the brutalization of Roman civilians and thus their compliance (or at least their complacency) vis-à-vis Imperial expansion and domestic policing — is powerful and sobering.”

Sound familiar?

Like Trump, Jair Bolsonaro displays all the signs of a would-be dictator. Little by little, he has pushed anti-democratic change in the name of democracy. Like Trump, while giving lip service to the protection of the environment, he has used his best efforts to defile it.

Just this past Wednesday, February 5th, he said that one day he hopes to restrain environmentalists in the Amazon region so that they will stop disturbing him. Like Trump, he is an advocate of violence against his enemies. Like Trump, he wants to collar or close independent media.

Just as Trump conjures up racist and anti-emigrant sentiment with visions of lawlessness, aware and fearful of the unrest throughout Latin America and the danger this would have to his presidency if it spreads to Brazil, the president sees military strength as his best protection.

Like Trump, Bolsonaro is both nativist and transactional. Trump has said that he could murder someone in the middle of Fifth Avenue without any penalty and believes ‘L’état, c’est moi’. Bolsonaro doesn`t seem to care at all about the state or where it is headed. The restitution of the infamous AI5 (Institutional Act Number Five) which allowed for the closing down of the Congress, the suspension of constitutional rights guarantees, other anti-democratic policies and all power to the president, is high on his agenda.

History has a strange way of repeating itself and we cannot study her lessons too carefully.

The biggest lesson is that authoritarian regimes will almost always work to strengthen their power and control. Their modern versions of bread and circuses intended to mollify the populace who keep them in power, have many different faces. But the corrupt intent of keeping power and all its trappings for the rich is the same. It hasn’t changed since the beginning of time. History teaches that it always ends badly.

In ancient Rome it would have been ‘bread and circuses’. Writing in ‘Huff Post’, William Astore said: “… the Roman use of bread and circuses — as a way to kill compassion to ensure the brutalization of Roman civilians
In ancient Rome it would have been ‘bread and circuses’. Writing in ‘Huff Post’, William Astore said: “… the Roman use of bread and circuses — as a way to kill compassion to ensure the brutalization of Roman civilians. (Photo internet reproduction)

Bolsonaro and Trump, both deeply flawed characters, are moving Brazil and the US away from their imperfect democracies. Cheered on by their cult-like supporters, they live in their own ‘alternate realities’ oblivious to their lack of compassion or institutional obligations as they grab more power and become more and more self-absorbed.

It is an open question whether the existing Brazilian and US institutions, the legislatures and judiciaries, are strong enough to successfully push back against the rising tide of authoritarianism.

Writing about the future of democracy in the US, the ‘New Yorker’ opined:
“If the Trump era has proved anything, it is that American democracy, which has never been without profound flaws, cannot be taken for granted. And yet institutions, movements, thinkers, and citizens—countless citizens, of all kinds—have shown their determination to preserve what is vital and necessary to a liberal-democratic society.“

Are there enough citizens in Brazil and the US to champion and protect these increasingly fragile democracies? Can we learn from history or will we mindlessly repeat it?

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