February 25, 2023

Brazil at the Crossroads

 Vanessa Barbara


A truism for our times: a story doesn’t
need to be factual to go viral. In June
2020, not long into the Covid- 19 pandemic,
an Instagram user shared a video
of a mustachioed man wearing floral
shorts and a cropped tank top, pouring
himself some beer at a crowded bar in
Santos, a coastal city in southeastern
Brazil. According to the caption, the
man was Tedros Adhanom Ghebreyesus,
the director- general of the World
Health Organization. He had apparently
decided to break the quarantine
by ditching his shoes and dancing to a
forró song called “Já que me ensinou a
beber” (Since You Taught Me to Drink).
Of course, it wasn’t the director of
the WHO in the video, which was actually
recorded before the start of the
pandemic. Nonetheless it circulated
as evidence of the hypocrisy of international
health authorities, and news
of it was translated into several languages.

Last August I saw an updated
version of the video: this time, Ghebreyesus
had been “caught enjoying
his vacation in Brazil and spreading
monkeypox.” So much homophobia and
moral outrage in such a short phrase.
Brazilians, like many others around
the world, have been exposed to a
deluge of fake news and social media
hoaxes over the past few years. Again
and again we have been pushed toward
radicalization, tribalism, and conspiracy.
In this light, the results of the presidential
election held in October are not
surprising: the center- left candidate,
Luiz Inácio Lula da Silva, known as
Lula, did prevail, but it was an alarmingly
tight race against the far- right
incumbent, Jair Bolsonaro, who led a
catastrophically irresponsible administration.

The race went to a runoff, which
Lula won with 50.9 percent of the vote.
Despite refusing to implement measures
scientifically proven to mitigate
the spread of the virus, leading to over
695,000 Covid deaths in the past three
years, Bolso naro still enjoys enormous
support in much of the country.

Indeed, on January 8 thousands of
his supporters marched to the federal
government buildings in Brasília. They
proceeded—in an echo of the January
6, 2021, attempted coup at the US Capitol,
and with the same baseless claims
of election fraud—to invade and ransack
the National Congress building,
the Supreme Federal Court, and the
presidential palace. (After an insufficient
initial reaction, the police managed
to reclaim the three buildings.)
In the October election the far
right tightened its grip on both
houses of Congress. Bolsonaro’s Liberal
Party won ninety- nine seats in
the 513- member lower house—an increase
of twenty- two—and a coalition
of right- leaning parties now controls
half the chamber. In the Senate, the
Liberal Party won eight of the twentyseven
seats in dispute. Four of the new
senators, who will be in office for the
next eight years, are Bolsonaro’s former
ministers; Hamilton Mourão, his
former vice- president and a retired
army general, also won a seat. Bolsonaro’s
close allies and former high officials
have also been elected governors
of major states such as São Paulo and
Rio de Janeiro. In total he helped to
elect fourteen governors of Brazil’s
twenty- seven federative units.

These are not ordinary conservatives.
They are extremist politicians
who seem to celebrate the period of
brutal military dictatorship, when, beginning
in 1964, the military dissolved
Congress, suspended constitutional
rights, and imposed extensive censorship;
democracy was not restored until
1985. They claim that the great mistake
of the military regime was “to torture
but not kill,” as Bolsonaro himself declared
in 2016.

Many of these right- wing figures
are not ashamed to call for a new military
intervention in the government.
They follow a leader who advocated for
the death penalty and sought impunity
for police officers who murder alleged
lawbreakers. And they still panic, or at
least perform panic, over the threat of
Communists, who will supposedly confiscate
their property, turn their children
into homosexuals and drug addicts,
and convince all women to stop shaving
their armpits. “They want a single bathroom
for boys and girls,” a conservative
woman in her seventies told me in December
when I visited a pro- Bolsonaro
campsite in São Paulo. She was one of
the thousands of far- right extremists
who spent two months after the vote
lodged in front of military barracks
around the country demanding a coup.
Over the past decade the country’s
center- right has steadily collapsed. Bolsonaro’s
radical vision has ascended.

What remained of other centrist democratic
parties gathered around Lula,
but even that broad front was nearly
defeated. Lula’s return to the presidency
is a profound relief. All the same,
the election results were shocking.

Brazil is the largest country in Latin
America, with more than 215 million
people and the highest GDP in the
region. Historically, it has been conservative
and majority- Catholic, with
a stratified and hierarchical society.
Brazil was the last nation in the Americas
to abolish slavery, in 1888. Today
60 percent of the population is against
the legalization of abortion.

The Portuguese arrived in 1500 and
ruled until 1822, when Emperor Pedro
I established a Brazilian monarchy. In
1889 the military worked with large
landholders to create a republican government.

The presidents of the First
Republic were backed by the wealthy
coffee and dairy oligarchs in fecund
states like São Paulo and Minas Gerais,
and ruled until 1930, when Brazilians
revolted after the assassination of
João Pessoa, a vice- presidential candidate
in that year’s election. The military
swiftly staged a coup and handed
power to the populist dictator Getúlio
Vargas, who governed until 1945, when
he was deposed in another military
coup.

Vargas returned in 1951 but in 1954
was again threatened by the military
(and discredited after one of his
bodyguards attempted to assassinate
a political opponent); then he shot
himself. The next elected president,
Juscelino Kubitschek, built a new capital,
Brasília, and ruled until 1961, when
the conservative Jânio Qua dros was
elected under an anticorruption banner.
But Quadros resigned after seven
months in office. He was succeeded
by the left- wing reformist João Goulart,
a member of the Brazilian Labor
Party who had served as vice- president
under both Kubitschek and Quadros.
Goulart was deposed in the 1964
coup. The military dictatorship, backed
by the United States, seized power,
claiming it would save the country
from the (vastly overblown) threat of
communism. In the two dark decades
that followed, five generals took turns
as president. The regime tortured approximately
20,000 people and killed or
“disappeared” more than four hundred.

The government at last returned to
civilian control in 1985, after a complex
redemocratization process during
which the old military regime’s main
opposition groups consolidated into
political parties. They have been succeeding
one another in the presidency
ever since. In her recent book O ovo da
serpente (The Serpent’s Egg, 2022), the
Brazilian journalist Consuelo Dieguez
offers an excellent synthesis of our
recent history, one deeply informed
by her interview with the Brazilian
economist Eduardo Giannetti. In the
late 1980s the first of these opposition
groups, the center- right PMDB
(Partido do Movimento Democrático
Brasileiro), solidified Brazil’s young
democracy by organizing and putting
into place a new constitution. Ulysses
Guimarães and José Sarney were the
PMDB’s main leaders.

The second group, the more centrist
PSDB (Partido da Social Democracia
Brasileira), formed in 1988, managed
to stabilize the economy and end inflation.
One of its leaders was the sociologist
Fernando Henrique Cardoso,
who governed the country from 1995
to 2002. The last group, the centerleft
PT (Partido dos Trabalhadores,
or Workers’ Party), led by Lula from
2003 to 2010 and then by Dilma
Rousseff from 2011 to 2016, pursued
macroeconomic balance and bolder
income- distribution policies. Millions
of Brazilians were lifted from poverty.
Lula’s government implemented a pioneering
program of monthly cash
allowances to the poor called Bolsa
Família, which also contributed to
nutrition, and health care.

This steady progress was marred by
corruption scandals and the economic
crisis in the 2010s. Brazilians began to
feel dissatisfied. In 2013 an estimated
one million people took to the streets,
demanding everything from free public
transportation to the end of endemic
corruption. Multiple groups rose up, on
the left and the right. In 2016 Rousseff
was impeached and removed from office
by a largely conservative legislature
on vague charges of manipulating
the federal budget to conceal evidence
of economic shortcomings. It was, in
fact, a congressional coup to oust a
very unpopular president.

Lula was considered a front- runner
in the 2018 presidential election, but
he was deemed ineligible to participate
after he was arrested on moneylaundering
and corruption charges. He
spent 580 days in prison. In 2021 the
Supreme Federal Court nullified the
convictions, declaring that the trial
was faulty and the judge biased. (Sergio
Moro, the crusading young judge
who presided over Lula’s trial, later
served as Bolsonaro’s minister of justice
and public security.)

Bolsonaro, a sixty- three- year- old
retired army captain, emerged from
the depths of Congress, where he had
served in relative obscurity for twentyseven
years, to speak to those nostalgic
for the military era. Born in the countryside
of São Paulo, he served briefly
in the army’s parachute brigade. He
was considered a “bad military man”
by the former president General Ernesto
Geisel. After being imprisoned
for insubordination, he left the armed
forces and launched a political career
in Rio de Janeiro.

Bolsonaro is a self- declared homophobe.
He once told a congresswoman
that he would never rape her because
she didn’t “deserve it.” After his decades
in Congress he ran for president
with a promise to drag the country
back into the past if elected. In 2018—
while Lula was still imprisoned—Bolsonaro
defeated Fernando Haddad of
the PT with 55.1 percent of the vote.
How did Bolsonaro stage this ascendance?
And how has the Brazilian
center- right been so totally overrun?

In The Chaos Machine: The Inside
Story of How Social Media Rewired
Our Minds and Our World (2022), the
New York Times reporter Max Fisher
begins to answer that question. In a
chapter on the political situation in
Brazil over the past few years, Fisher
correctly notes that the political establishment
had rejected Bolsonaro
for decades because of his fanatical
positions, misogyny, and hate speech.

“But that attention- grabbing behavior
performed well online,” Fisher notes,
with social media channels such as
WhatsApp, Telegram, and particularly
YouTube responsible for the upsurge
in Bolsonaro’s popularity. I especially
appreciated a comment from Brian
Winter, the editor of Americas Quarterly,
who visited Bolsonaro’s office
before the 2018 election. All eight staffers
were “doing social media the entire
time I was there,” he said. “There
was no legislative work being done.”
Fisher explains how social media
platforms are designed to provide
users with more and more divisive
content, driving them into “selfreinforcing
echo chambers of extremism”
in order to retain their attention
and increase engagement time. A 2019
internal Facebook report on hate and
misinformation found “compelling evidence
that our core product mechanics,
such as virality, recommendations,
and optimizing for engagement, are a
significant part of why these types of
speech flourish on the platform.” Fisher’s
book is not specific to Brazil, but
the populous, diverse country offers
a laboratory for his thesis.

Fisher draws on his field research to
argue that YouTube not only created
an online fringe community but also
radicalized Brazil’s entire conservative
movement, displacing traditional rightwing
politics almost completely. The
results of the October election corroborate
this. The PSDB, which once was
one of the strongest political forces
in the country, is now virtually dead.
I have followed many right- wing
groups on social media for The New
York Times and piauí, a monthly Brazilian
magazine, trying to make sense of
these changes. I’ve been submerged in
racist, misogynist, anti- Semitic, and violent
discussions. (“Nobody in the past
hundred years has done more for peace
than Adolf Hitler,” I read in a Brazilian
chat group with over 4,500 members.)
I’ve heard endless refutations of science
and epidemiology. Social media
has let opinions that long lurked in the
ugly political fringes bask in the open.

In this historically violent and unequal
country we feel that there is a
void in the democratic field, that political
rationality has been disappearing
before our eyes. This void can be
explained by the conversion of a large
group of voters to autocratic extremisms
with conspiratorial outlooks.

“I think even fake news is valid,
with all due respect,” Bolsonaro
said in a radio interview in 2018,
months before that year’s election.
Three years later, as president of the
country, he declared: “Fake news is
part of our lives.” And: “The Internet
is a success.” He had just been granted
a special communication award from
his own Ministry of Communications
(which kind of sums up our situation).

From the beginning of his presidency
Bolsonaro tried to undermine the credibility
of Brazil’s media and the Supreme
Federal Court, institutions necessary
for rational balance in our democracy
and capable of constraining his totalitarian
impulses. He also worked hard
to disparage Brazil’s electronic voting
machines—the same ones on which he
was elected. In July 2022, for example,
he called dozens of foreign diplomats
to the presidential palace to discredit
the country’s voting system, lecturing
from a baseless and bizarre PowerPoint
presentation. After he finished there
was an embarrassing silence from the
audience, followed by timid applause
from the president’s cabinet members.

Apparently the main goal of Bolsonaro’s
right is to promote a flood of
disinformation to keep people disoriented
and angry, spreading distrust. A
(provisional) list of institutions vilified
on Brazilian Telegram by the far right
includes the United Nations, UNESCO,
the WHO, the Supreme Federal Court,
Brazil’s Superior Electoral Court, the
Health Regulatory Agency, NASA, the
mainstream media, fact- checking organizations,
Pope Francis, heliocentrism,
stars, dinosaurs (they never
existed), pollsters, and padded bras.
On Telegram, a messaging service
that supports groups of up to 200,000
members and channels with an unlimited
number of subscribers, a kind of
moral and epistemological free- forall
has been reigning for years. You-
Tube videos are often among the
most shared posts on the platform.
According to Digital Democracy Room,
a project run by the Getulio Vargas
Foundation, a Brazilian think tank and
higher education institution, YouTube
videos accounted for eight of the top
ten major links shared on Telegram in
August. These are often videos from
right- wing influencers who spread
misinformation about their political
enemies to keep their base inflamed.

It took me a while to absorb the terminology
used by members of these
communities. People who trust vaccines
are called aceitacionistas (a neologism
to describe people who accept things
without questioning). Those of us who
received Covid shots are “hybrids” who
have been “zombified.” LGBTQ people
are “people with inverted poles.” I have
browsed through a Telegram dating
group exclusive to single heterosexuals
“with a 100 percent uncorrupted DNA,”
which means those who have gotten no
Covid vaccinations and never submitted
to PCR tests. The main goal is to
“date, marry, and procreate.”

Despite exhaustive efforts from factchecking
agencies and the WHO, these
groups continue spreading old falsehoods
claiming that Covid vaccines
contain microchips, nanoparticles,
graphene oxide, quantum dots, and
parasites activated by electromagnetic
impulses. According to them, vaccines
can carry HIV (the virus that causes
AIDS), make coins stick to our arms,
and give us the ability to connect to
Wi- Fi networks or pair with Bluetooth
devices. From these groups I have also
learned of “vaccine shedding,” which
occurs when a vaccinated individual
stands near someone “with pure
DNA,” sometimes fatally contaminating
them. Members still apparently believe
in hydroxychloroquine and ivermectin
as Covid treatments, while denying effective
mitigations like masking and
social distancing.

Their rhetoric is so absurd that,
after many turns of the screw, it almost
becomes a work of art. My favorite
channel is the completely insane
“Desmagnetizado” (Demagnetized),
which has over 11,000 subscribers and
headlines such as “Zombified Hybrids
Interacting with 5G” and “Explosive
Zombified People.” The following is a
description of a video that I did not
watch: “A male synthetic organism was
walking down the street when it came
across an evil 5G entity. The biological
entity had taken the third dose of
the vaccine and its graphene nano- bot
system was revved up.”

Here is an example of a fake headline
that caused moral outrage on
a Brazilian Telegram channel: “UNICEF
Suggests That Pornography May Be
Good for Children.” On a YouTube
channel, a similar assertion aroused
the wrath of its members: “They want
to pass a pro- incest law.” (“They” are
obviously the Satan- worshiping, pedophilic
left.) Made- up stories like these
are designed to set off tribal defense
“us versus them.”

There are many who share fake news
unwittingly, and there are those who
exploit this vulnerability. Rodrigo
Nunes, a philosophy professor at the
Pontifical Catholic University of Rio
de Janeiro, explains that the new
Brazilian far right can be seen as an
entrepreneurial movement, with politicians
carving out a niche market
for the high demand of frustrated citizens.

In his essay collection Do transe
à vertigem (From Trance to Vertigo,
2022), Nunes discusses the resentment
among the Brazilian petty bourgeoisie,
who feel aggrieved by a “cultural
elite” that masters intellectual codes,
a “social elite” that has connections,
and an “economic elite” that holds the
wealth. On the other hand, they also
feel the threat of losing their markers
of dominance: exclusive access to
services such as international travel
and paid domestic work. Meanwhile,
Nunes writes, sensing new market demands,
hundreds of “bankrupt businessmen,
decadent rock stars, failed
actors, journalists of dubious reputation,
sub- celebrity ‘activists,’ struggling
traders, mediocre life coaches,
police and military officers looking to
supplement their income” have found
an opportunity for a new career. They
began to identify themselves as conservative
and patriotic agitators, often
entering mainstream politics. Look at
Nikolas Ferreira, a twenty- six- year- old
evangelical TikTok star who received
nearly 1.5 million votes in his run for
a seat in Congress.

We are trapped in a vicious cycle:
moral outrage and threats to status produce
stronger group affiliations, which
are then exploited by politicians who
profit from this division and further
incentivize it. It can be a short climb
from here to autocracy. As noted in the
2022 Democracy Report published by
the V- Dem Institute, a research group
based in Sweden that tracks the state
of democracy around the world, “Once
political elites and their followers no
longer believe that political opponents
are legitimate and deserve equal respect,
democratic norms and rules can
be set aside to ‘save the nation.’”

The race between Lula and Bolsonaro
was, seen from this perspective,
a momentous crossroads: Brazil
could either keep sliding toward a
democratic rupture or reverse course.
The political scientist Oliver Stuenkel,
a professor at the School of International
Relations at the Getulio
Vargas Foundation and a columnist
for Americas Quarterly, argues that to
sink a democratic system an authoritarian
leader in most cases needs to
be reelected at least once. This is because,
first, the dismantling of institutions
usually takes time. Reducing
legislative and judicial independence
might require, for example, multiple
opportunities to nominate ideologically
aligned judges. Second, reelection
represents both a moral boost for
the authoritarian leader and a strong
letdown for the opposition and civil
society.

Bolsonaro’s own tactics mixed a violent
and morally righteous discourse
with a generous dash of militarism.
In 2019 around a third of his cabinet
was made up of retired or active- duty
military personnel, with many more in
crucial government positions. While in
power Bolsonaro helped to dismantle
environmental agencies, increasing the
rate of deforestation in the Amazon.
Each year he was in office, hundreds of
indigenous people were murdered. He
signed over a dozen decrees loosening
restrictions on civilian gun ownership;
as a result, the number of privately
owned weapons rose to 1.9 million in
2022, up from 695,000 in 2018.

Luckily, we’ll never know what he
had in mind for a second term, but his
next step at least was clear: to eliminate
the opposition from the judiciary.
He appointed two hard- right justices
to the Supreme Federal Court. Had
he won, he would have appointed
two more to fill this year’s vacancies.
(There are eleven members of the
court.) The Supreme Federal Court
and the Superior Electoral Court were
a strong check on Bolsonaro; in 2022,
for instance, they ordered social networks
to remove antidemocratic posts
spreading disinformation about the
electoral system. They also issued an
arrest warrant for a right- wing congressman
for inciting both a coup and
violence against the judges. (Bolsonaro
pardoned him the next day.)

Most importantly, the judiciary
has been conducting investigations
to identify the groups responsible for
funding and spreading misinformation
and propaganda in the country.
The evidence points to an orchestrated
scheme that fabricates and broadcasts
disinformation on social networks for
“ideological, party- political, and financial
gains.” This so- called cabinet of
hate is allegedly composed of Bolsonaro’s
closest allies, his special aides,
and members of his family. Carlos Bolsonaro,
one of the former president’s
sons and a Rio de Janeiro city councilman,
has been identified as a central
player in the scheme. The former president
himself is being investigated for
his “direct and relevant role” in spreading
disinformation. (They all deny the
accusations.)

Now the federal police are working
to identify the January 8 rioters and
their financial sponsors, and a Supreme
Federal Court judge approved a request
from prosecutors to include Bolso naro
in the investigation. Around 1,500 people
have been detained so far in relation
to January 8—two hundred during
the attacks on government buildings
and others at the pro- Bolsonaro camp
in Brasília—on charges of terrorism,
criminal association, attacks on the
democratic rule of law, coup d’état, persecution,
and inciting crime. There’s
nothing left of the campsite in São
Paulo that I visited in December.
Bolsonaro’s electoral defeat means
respite for Brazilians from his endless
promotion of conspiracy theories.
Lula’s victory was only possible
because democratic forces from
many points on the political spectrum
united to block the country’s
descent into the old depths of totalitarianism.
This means that Lula will
have to share power with a broadbased
coalition whose interests are
quite varied.

But it also means that there will be
no place anymore for antiscientific
discourse in the fight against Covid
and other illnesses, including polio and
tuberculosis; we desperately need to
restore the excellent vaccination coverage
for childhood diseases that we
had in the not- so- distant past. Lula
has promised to address the urgency
of food deprivation and hunger, which
affect 33 million Brazilians (an increase
of 57 percent from December 2020).
And with Marina Silva as minister of
the environment and climate change
and Sônia Guajajara in the newly created
Ministry of Indigenous People,
there is also great hope for the Amazon
rainforest. It is perhaps here that Lula’s
election matters most to the planet.
Still, we are at a fragile moment.

All the components that enabled
Bolsonaro’s rise are still in place. As
two Democratic members of the US
Congress, Tom Malinowski and Anna
Eshoo, wrote in a letter to the CEOs
of Google and YouTube, it would take
eliminating “the fundamental problem”
of algorithms that reinforce users’
existing biases—“especially those
rooted in anger, anxiety, and fear”—
to curb this toxic polarization.
Facebook, according to internal
documents quoted by Fisher, knew
by April 2021 that their algorithms
“were boosting dangerous misinformation,
that they could have stemmed
the problem dramatically with the flip
of a switch, and that they refused to
do so for fear of hurting traffic.” The
company’s researchers had found that
“serial reshares” were likelier to be
false, but the algorithm, measuring
them for potential virality, artificially
boosted their reach anyway. “Simply
turning off this boost,” the researchers
found, “would curb Covid- related
misinformation by up to 38 percent.”
This would be an important step to
amend political fracturing in Brazil
and elsewhere. After all, despite the
results of the last presidential election,
extremism on the Brazilian far
right has not been defeated.

The day after the election, my fouryear-
old daughter returned from
preschool telling me about a heated
bathroom scuffle. A little boy shouted
that President- elect Lula was a thief.
My daughter and her classmate yelled
back at him, “He is not! He is not!” A
commotion followed. Luckily, discussions
in the preschool bathroom are
not intensified by an exploitative algorithm,
and before long the children
were on speaking terms again.

Lula was inaugurated on the first
day of the year, but liberals should not
presume that almost half of the population
has returned to their senses
now that the sensible guy is back in
office. It is still up to Brazilians to set
their country on a more democratic,
less ludicrous course. .
—January 26, 2023

THE NEW YORK REVIEW OF BOOKS 

February 24, 2023

Faces do Subúrbio - Deus abençoe a todos



Abençoe todos aqueles que estão
pendurados no morros
arriscados a serem soterrados
por causa da negligência e incompetência
de porcos chamados governantes.

DUELO AO SOL


LULA RECLAMA DE ENFRENTAR
SOZINHO ROBERTO CAMPOS NETO,

 p o r A N D R É B A R R O C A L
Lula foi ao
Rio de Janeiro, terra do presi-
dente do Banco Central, Rober-
to Campos Neto, para compro-
missos oficiais e, na volta a Bra-
sília, queixou-se no voo de que
não podia brigar sozinho com
a instituição. Os aliados políti-
cos, entre eles algumas testemunhas da
queixa, precisavam apoiá-lo. Mais cedo,
o petista tinha comparecido à posse de
Aloizio Mercadante no BNDES, o banco
público de apoio ao desenvolvimento na-
cional, e depois comentou no avião não ter
ficado lá muito satisfeito com o discurso
ouvido. Um ponto em especial o incomo-
dara. “Não pretendemos ficar disputando
mercado com o sistema financeiro priva-
do”, declarara Mercadante. Lula quer que
os bancos estatais concorram com os par-
ticulares. Baixar os juros dos empréstimos
aos cidadãos e às empresas tornou-se uma
obsessão. A expansão do crédito faz o mo-
tor da economia girar. O Brasil tem hoje
a maior taxa básica do mundo, 13,75% ao
ano. A chamada Selic dita o rumo dos ju-
ros bancários praticados no mercado e, no
tamanho atual, afoga o motor.

 
Em novembro, o deputado Lindberg
Farias, do PT do Rio, dizia a CartaCapital
que “o Banco Central pode ser um proble-
ma para nossa estratégia de retomada do
crescimento econômico e de geração de
empregos”. O receio confirmou-se, diante
da disposição expressa pelo BC, no início
do mês, de manter a Selic alta por um tem-
po maior. “É sabotagem contra o governo”,
afirma o parlamentar, autor de um pedido
de convocação de Campos Neto à Câma-
ra para prestar esclarecimentos. Segun-
do o deputado, a aprovação presidencial
será fundamental contra a oposição radi-
cal bolsonarista, terá de ser medida dia a
dia. Lula elegeu-se no aperto contra Jair
Bolsonaro, graças ao eleitor mais pobre, a
quem seus governos anteriores eram pro-
messa de vida melhor. O presidente acre-
dita ter derrotado o capitão, mas não o bol-
sonarismo. Diante da dinâmica das redes
sociais e da força da extrema-direita nas
plataformas digitais, o clima eleitoral se-
rá permanente. Quanto tempo irá durar
a paciência popular com o petista? Em
30 de janeiro, Bolsonaro, do autoexílio
em Miami, prognosticou em uma pales-
tra: pelo visto no primeiro mês, o gover-
no “não vai durar muito tempo”.

 
“Se o País não voltar a crescer, não sei
se a gente vai segurar”, declarou Lula no
evento no BNDES. Era uma referência à
intentona dos fiéis do capitão em 8 de ja-
neiro. “Não podemos brincar, porque um
dia o povo pobre pode se cansar de ser po-
bre e pode resolver fazer as coisas muda-
rem nesse País. E eu ganhei as eleições
exatamente para fazer as mudanças que
não eram feitas. Se nós conseguirmos de-
cepcionar esse povo, e o povo passar a de-
sacreditar em nós, eu fico pensando o que
será desse País.”

 
Dois dias após voltar do Rio, Lula reu-
niu no Palácio do Planalto parlamentares
e dirigentes partidários governistas e bo-
tou o Banco Central na berlinda. Não há
“justificativa” para o juro estar no nível vi-
gente, comentou, e foi uma “vergonha” a
explicação dada pela direção da institui-
ção para ter mantido a taxa e acenado que
seria assim por mais tempo do que ima-
ginava necessário. A explicação constava
do comunicado divulgado após o último
encontro do Comitê de Política Monetá-
ria, o Copom, em 1º de fevereiro, que ha-
via tirado Lula do sério. Em entrevista no
dia seguinte, o petista declarou guerra a
Campos Neto, chamado por ele de “esse
cidadão”. É para a batalha contra o eco-

 nomista de 59 anos, herança de Bolsona-
ro por obra da lei de autonomia do BC, que
o presidente queria o apoio da tropa. E pa-
rece ter conseguido, ao juntá-la na quar-
ta-feira 8. “O presidente do Banco Cen-
tral tem que ser enquadrado, ser convo-
cado no Congresso, na Câmara, no Sena-
do, e explicar por que tem que manter ju-
ros reais de 8%”, disse publicamente um
participante da reunião, Paulinho, presi-
dente do partido Solidariedade e expoen-
te da Força Sindical.

 
O juro real é a Selic desconta-
da da inflação. É o lucro lim-
po de quem compra certo tí-
tulo público. Nos Estados
Unidos, para onde Lula em-
barcou na quinta-feira 9 a
fim de encontrar Joe Biden, a taxa bá-
sica está em 4,75% e a real, negativa em
1,75%. Na Europa, o juro real também es-
tá negativo (-6%). Na Rússia, que enfren-
ta a guerra na Ucrânia e sanções mun-
diais em razão do conflito, ele é de 4%.
China, Índica e África do Sul, outros par-
ceiros do Brasil nos Brics, convivem com
porcentuais bem menores do que o bra-
sileiro. Lula deseja reduzir a Selic a 7%,
8% nominais até dezembro. Foi o que
disse o líder do governo no Congresso,
Randolfe Rodrigues, no fim da reunião
no Planalto. Segundo o senador, com a
aprovação de uma reforma tributária, a
apresentação ao Congresso de uma lei de
controle de gastos e a votação de uma me-
dida provisória que eleve a arrecadação
federal contra calotes empresariais nos
impostos, o BC teria conforto para baixar
o juro. “Se nos resignarmos aos 13,75%, a
gente vai se conformar com 0,7% de cres-
cimento no fim do ano. Não aceitamos.”
PIB de 0,7% neste ano é o que pre-
vê a média do “mercado” consultado se-
manalmente pelo BC. Outras estimati-
vas são igualmente desanimadoras. Itaú:
0,9%. Consultoria XP: 1%. Fundo Mone-
tário Internacional: 1,2%. Bradesco: 1,5%.
Pelas mesmas apostas, 2024 será outra de-
cepção (de 1% a 1,5% de crescimento). “O
que não é possível é continuar crescendo
meio por cento ao ano. Não é possível. Não
há conflito distributivo superável cres-
cendo meio por cento ao ano. Nós não va-
mos nos entender com esse crescimento.
As tensões tendem a piorar.” Palavras de
Fernando Haddad, o ministro da Fazen-
da, em novembro, em um almoço de fim
de ano da Febraban, a federação dos ban-
cos. Lula pretende convocar ao Planalto
os dirigentes da Febraban e o comandan-
te da Federação das Indústrias do Estado
de São Paulo, Josué Gomes da Silva, pa-
ra pedir adesão à campanha contra o ju-
ro alto. “É preciso, Josué, que você saiba
que se a classe empresarial não se mani-
festar, se as pessoas acharem que vocês es-
tão felizes com o 13,5%, sinceramente eles
não vão baixar juros”, disse o presidente
no BNDES. Gomes da Silva, que recusou
o convite para o Ministério da Indústria, é
filho do falecido vice de Lula nos dois man-
datos anteriores, José Alencar, inimigo da
alta taxa, que cairia de 25% para 10% ao
ano entre 2003 e 2010.

 
Na cruzada contra Campos Neto, Lu-
la parece movido pela desconfiança de
que falta o apetite de Alencar ao minis-
tro da Fazenda quando se trata do mes-
mo assunto. É o que diz um político do PT
que conversou com o mandatário nos úl-
timos dias. O presidente, diz essa fonte,
acredita ter um legado a preservar e que

sua biografia está em jogo. Colaboradores
lulistas como Haddad e Mercadante esta-
riam, ao contrário, em busca de aceitação
do “mercado”. Essas impressões do polí-
tico foram corroboradas por Lula na reu-
nião na quarta-feira 8. “A gente não tem
que pedir licença para governar, a gente foi
eleito para governar. A gente não tem que
agradar ninguém, a gente tem que agradar
o povo brasileiro, que acreditou num pro-
grama que nos trouxe até aqui e é esse pro-
grama que nós vamos cumprir.”

HADDAD BUSCA
ABAIXAR A
FERVURA E
ENCONTRAR UM
PONTO DE
DIÁLOGO,
ENQUANTO LULA
OPTA POR MANTER
A PRESSÃO

 
Do início da campanha de Lula contra o
BC até o momento da reunião com os alia-
dos, integrantes do governo ou assessores
haviam dito anonimamente à mídia que
aconselhavam o mandatário a maneirar
nos ataques a Campos Neto. Um ministro
da área econômica chegou a comentar com
o portal G1 que a “ofensiva” de Lula “está
acima do tom e é hora de deixar a equipe
econômica trabalhar”. Quem seria esse
ministro? A emedebista Simone Tebet,
do Planejamento, que havia concorrido a
presidente tendo como sua economista-
-chefe a liberal privatista Elena Landau?
Conselhos, se de fato houve, não demo-
veram Lula. Em 19 de janeiro, o ministro
da articulação política, Alexandre Padi-
lha, do PT, havia tuitado: “O governo sabe
que a política monetária e o papel de aná-
lise da macroeconomia do Banco Central
são de extrema importância. E, também
por isso, a convivência respeitosa entre
as instituições vai continuar sendo a or-
dem dessa gestão”. Numa entrevista um
dia antes, Lula chamara de “bobagem” a
autonomia do BC e contestara a decisão
do banco de fixar a meta de inflação abai-
xo de 4%. Quanto menor a meta, mais o
BC é levado a pesar a mão no juro. A de-
cisão de reduzi-la tinha sido tomada em
2018 pelo antecessor de Campos Neto,
Ilan Goldfajn, e o Ministério da Fazenda,
ainda no governo Temer. Apesar do tuí-
te de Padilha, Lula seguiu a criticar Cam-
pos Neto e o BC, e de modo ainda mais
contundente. Detalhe: na eleição, Padi-
lha era cotado para comandar a Fazen-
da. Seu chefe de gabinete é um ex-analis-
ta político da XP, Richard Back, bússola
sobre os humores do sistema financeiro.

 
Haddad também preferia con-
temporizar. Na terça-feira 7,
véspera da reunião com alia-
dos no Planalto, o ministro ti-
nha classificado de “amigável”
a ata do Copom divulgada na-
quele dia sobre a decisão de manter o ju-
ro em 13,75% e de conviver com essa taxa
mais tempo. O breve comunicado da se-
mana anterior havia sido interpretado por
analistas do “mercado” como uma reação
à intenção do governo de gastar mais. O
recado seria: mais gastos, mais inflação,
mais juros. A ata em si foi vista como uma
tentativa do BC de transmitir uma espé-
cie de voto de confiança no governo, daí a
leitura do ministro da Fazenda.

 
Haddad e Campos Neto estiveram três
vezes frente a frente. Em 13 de dezembro,
no BC, no período de transição. Em 30 de
dezembro, no hotel em que Lula estava
hospedado em Brasília (único tête-à-tête,
aliás, do presidente com o chefe do BC). E
em 30 de janeiro, no escritório do Minis-
tério da Fazenda em São Paulo. Em uma
dessas conversas, os dois concordaram em
procurar nomes consensuais para substi-
tuir uma dupla de diretores cujos manda-
tos terminam neste mês, o de Política Mo-
netária, Bruno Serra, e o de Fiscalização,
Paulo Sérgio Neves de Souza. A lei da auto-
nomia, ou independência, do BC, de 2021,
fixa mandato para os dirigentes. A direto-
ria de Serra é estratégica em razão da taxa
de juro. Não importam, porém, acertos en-
tre Haddad e Campos Neto: cabe ao presi-
dente da República enviar a indicação ao
Senado para aprovação.

 
O mandato do presidente do BC vai até
dezembro de 2024 e ele tem dito que nao
pretende sair antes. Pela lei, poderia ser
demitido por incompetência. Foi o que
uma certa voz lembrou no Planalto, após
o comunicado do Copom de 1º de fevereiro,
aquele que Lula tachou de “vergonha”. Nos
últimos dois anos, justamente na era da
autonomia, a inflação estourou o teto da
meta. A julgar pelas previsões do “merca-
do” (de 5,7% de IPCA este ano), será igual
em 2023 (teto de 4,75%). É possível que
o governo altere a meta deste ano (3,7%)
e dos dois vindouros (3%, com teto de
4,5%) em uma reunião do Conselho Mo-
netário Nacional no dia 16. O CMN é for-
mado por Haddad, Tebet e Campos Neto.
Seria uma forma de criar condições para
o juro cair. Os ministros da Fazenda e do
Planejamento conversaram na terça-fei-
ra 7 sobre a pauta do conselho. No “mer-
cado”, há quem diga que, se for para mu-
dar a meta, que seja logo, e não só em ju-
nho, como é costumeiro. É a opinião, en-
tre outras, do economista-chefe do Bra-
desco, Fernando Honorato.

 
Vozes do dito mercado saíram
em defesa nos últimos dias
de Campos Neto. É o caso de
Arminio Fraga e Henrique
Meirelles, ex-presidentes do
BC. A dupla diz, em suma, que
as manifestações presidenciais atrapa-
lham o Banco Central e pioram as coisas,
pois a autoridade monetária sente-se for-
çada a pegar ainda mais pesado no juro, a
fim de mostrar independência e desfazer
estragos causados nas expectativas dos
agentes econômicos pelas críticas do go-
verno. Recorde-se: uma das razões para a
eleição de Lula foi o aumento no custo de
vida e a perda do poder de compra na era
Bolsonaro. O salário médio está em 2,7 mil
reais, mesmo nível de 2012. Em janeiro de
2019, primeiro ano do capitão, uma ces-
ta básica em São Paulo custava em média
meio salário mínimo. Agora, dois terços,
conforme o Dieese. Na época da eleição,
cerca de 80% das famílias mais pobres es-
tavam endividadas. Contra isso, o gover-
no prepara um programa de rolagem das

dívidas, o “Desenrola”, esforço conjun-
to de credores, devedores e bancos públi-
cos e privados. Com isso, diz o secretário
de Política Econômica do Ministério da
Fazenda, Guilherme Mello, os consumi-
dores terão mais poder de compra e pode-
rão voltar a tomar empréstimos. “O pro-
grama tem potencial para dinamizar a
economia”, afirma Mello.

 
Quem conhece Campos Neto reforça
a visão de Fraga e Meirelles: 2023 é ano
perdido no PIB e os ataques do presidente
ameaçam comprometer 2024 também. A
inflação do próximo ano entrou nas aná-
lises do Copom em fevereiro e será ainda
mais levada em conta na reunião de mar-
ço. Campos Neto, diz um conhecido, é afá-
vel e Lula até poderia gostar dele, se ambos
conversassem com calma. O petista tinha
boa impressão do economista, considera-
va-o razoável. Foi o que Haddad disse cer-
ta vez, em 2021, a analistas de uma empre-
sa do sistema financeiro. O fato de Campos
Neto ter ido votar, em outubro passado,
com a camisa da Seleção brasileira, uni-
forme bolsonarista, deve ter afetado essa
percepção. Idem sua presença, até 10 de
janeiro, no grupo de WhatsApp “minis-
tros de Bolsonaro”. A presença foi desco-
berta naquele dia pela fotógrafa Gabriela
Biló, da Folha de S. Paulo, no celular do se-
nador Ciro Nogueira, do PP, ex-chefe da
CasaCivil de Bolsonaro e um dos cabeças
da campanha à reeleição

 
Campos Neto e Nogueira tinham inti-
midade. Em outubro de 2021, o então mi-
nistro promoveu um churrasco em casa
e o economista esteve presente, de ber-
mudas. Foi o que se viu em uma foto tui-
tada por Nogueira. Estavam por lá tam-
bém outros dois então ministros, Fabio
Faria e Tarcísio de Freitas, agora gover-
nador de São Paulo, cuja posse foi presti-
giada pelo presidente do BC. Dias depois
do churrasco, veio a público um áudio no
qual Campos Neto consultava o banquei-
ro André Esteves, do BTG, sobre qual se-
ria o juro mínimo aceitável para o Brasil.

 
O áudio era do próprio Esteves, gravado
durante uma palestra. À época, a Asso-
ciação Brasileira de Imprensa requereu
ao Supremo Tribunal Federal uma inves-
tigação contra o dirigente da instituição
pública por uso de informação privilegia-
da. A Corte pediu a opinião da Procurado-
ria Geral da República, esta não viu nada
demais, assunto encerrado.
Parte da mídia está do lado de
Campos Neto na guerra decla-
rada por Lula. Em editoriais re-
centes, a Folha e O Globo critica-
ram o petista. Esse tipo de ma-
nifestação, somada à posição
de Fraga e Meirelles, indica que aquela
união informal de setores da elite e dos
meios de comunicação à campanha lulis-
ta contra Bolsonaro não terá vida longa,
por causa justamente da política econô-
mica. Recorde-se: Fraga e Meirelles decla-
ram voto no petista.

 
A política monetária de Bolsonaro, Pau-
lo Guedes (antecessor de Haddad) e BC “foi
derrotada nas eleições, porque fez o País
andar pra trás”, tuitou Gleisi Hoffmann,
a presidente do PT. “Essa parece a última
trincheira do bolsonarismo no poder.”
Trincheira que, aliás, cometeu um “erri-
nho” de 14 bilhões de dólares na conta sobre
o fluxo cambial no Brasil no ano passado.

 

CARTA CAPITAL