The Real Corruption in Brazil
Portside

Global capital despised Brazil's Lula and feared his return to power. In particular, the rich resented his nationalization of Brazil’s oil resources, making Petrobras the patrimony of all Brazilians. He strengthen the national bank and funded oil exploration that identified enormous oil reserves in the Atlantic off the country’ coast. Equally threatening were his efforts to establish a network of third world governments, especially in the Americas.
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