Até a The Economist está falando! Yet Mr Neves’s policies would benefit poor Brazilians as well as prosperous ones. He promises to put the country back on the path of economic growth. His record, and that of his party, makes his claim credible. In the presidencies of Fernando Henrique Cardoso in the 1990s, the PSDB vanquished inflation and laid the foundations for Brazil’s recent progress; and in two terms as governor, Mr Neves turned Minas Gerais, Brazil’s second-most-populous state, from a financial basket-case into an example of good administration with some of the country’s best schools. He did so largely by cutting bureaucracy. He has an impressive team of advisers led by Arminio Fraga, a former Central Bank governor who is respected by investors. As well as a return to sound macroeconomic policies, his team promise to slash the number of ministries, make Congress more accountable to voters, simplify the tax system and boost private investment in infrastructure. Mr Neves deserves to win. He has fought a dogged campaign and proved that he can make his economic policies work. The biggest threat to social programmes is the PT’s mismanagement of the economy. With luck the endorsement of Ms Silva, a former PT member born in poverty, should bolster his case. Brazil needs growth and better government. Mr Neves is likelier to deliver these than Ms Rousseff is.
Posted on: Fri, 17 Oct 2014 04:11:48 +0000
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