IN THE days running up to Brazil’s World Cup quarter-final match with
England, Wall Street speculators pinned their hopes on a Brazil victory
to assuage anxieties over Brazil’s financial crisis and poor poll
ratings for their preferred presidential candidate, Jose Serra.
At the end of the second round of the Brazilian municipal elections the
result is clear: the defeat of Cardoso’s allies and the growth of the
PT. Try as they may, the bourgeois commentators attempt to whitewash the
defeat of the government’s allies cannot hide the huge growth of the
opposition in the state...