As Brazilian women, the LGBTQ community, workers, and people of color reacted with horror to the election of fascist Jair Bolsonaro to the presidency on Sunday after a campaign dripping in bigotry and militarism, Western corporate interests and the business press could hardly contain their glee over the victory of the hard-right former paratrooper who has promised to further pry open Brazilian markets to foreign investment, slash corporate taxes, and privatize the nation's public services.
While highlighting Bolsonaro's "homophobic, racist, and misogynist statements," the Canadian Broadcasting Corporation (CBC) gushed that his win over Workers' Party candidate Fernando Haddad "could mean fresh opportunities for Canadian companies looking to invest in the resource-rich country" thanks to his strong commitment to "open markets."
"It could be a good time to be a mining investor in Brazil," declared Anna Prusa, a former US State Department official who researches Brazil for the Wilson Center, a Washington, DC-based firm.
Well, at least this is honest. Big business sees the victory of Brazilian fascism as a massive investment opportunity. https://t.co/P995fa9xAK
— Owen Jones🌹 (@OwenJones84) October 29, 2018
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