Monday , December 23 2024
Home / Mike Norman Economics / Pepe Escobar — Future of Western Democracy Being Played Out in Brazil

Pepe Escobar — Future of Western Democracy Being Played Out in Brazil

Summary:
Stripped to its essence, the Brazilian presidential elections represent a direct clash between democracy and an early 21stCentury neofascism, indeed between civilization and barbarism, writes Pepe Escobar. I would say that the future of Western democracy is being played out in the US and UK, and it doens't look like a bright one.On the other hand, the West has never been democratic in the sense of rule of, by and for the people. All Western nations have been either monarchical or oligarchic. Democracy has yet to be tried.Western nations are constitutional republics that are only "democratic" in the sense that peridoically the people get to elect which faction of the elite they prefer to be ruled by, with no guarantee that the ruling party will follow its electoral platform or

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Matias Vernengo writes Very brief note on the Brazilian real and the fiscal package

Matias Vernengo writes 30 years of the Real Plan: Unoriginal Lessons from Latin American Stabilizations

Matias Vernengo writes Brief note on public debt and interest rates in Brazil

Matias Vernengo writes Lula’s fiscal problems

Stripped to its essence, the Brazilian presidential elections represent a direct clash between democracy and an early 21stCentury neofascism, indeed between civilization and barbarism, writes Pepe Escobar.
I would say that the future of Western democracy is being played out in the US and UK, and it doens't look like a bright one.

On the other hand, the West has never been democratic in the sense of rule of, by and for the people. All Western nations have been either monarchical or oligarchic. Democracy has yet to be tried.

Western nations are constitutional republics that are only "democratic" in the sense that peridoically the people get to elect which faction of the elite they prefer to be ruled by, with no guarantee that the ruling party will follow its electoral platform or representations and there is no redress other than coming elections, which are simply a repeat of the process. Calling this "democracy" is a sham.

Interesting tidbit: "It’s no secret that Steve Bannon is advising the Bolsonaro campaign in Brazil. One of Bolsonaro’s sons, Eduardo, met with Bannon in New York two months ago after which the Bolsonaro camp decided to profit from Bannon’s supposed “peerless” social engineering insights."
Consortium News
Future of Western Democracy Being Played Out in Brazil

Pepe Escobar

(Pepe Escobar is Brazilian.) 
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *