Paying For The Dreams
The logo of Lula’s Workers Party (PT) is a telltale red star, but his landslide win was no triumph of the ideological Brazilian left. In last month’s state and congressional elections, for example, the PT garnered well below half the votes Lula received in the presidential balloting. Rather, it was an indication that crowd-pleasing populists–who want to bring back the state as an economic catalyst–are again in vogue as Latin America stumbles through a prolonged economic slump....