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IPFS News Link • Brazil

Brazil Pivots Toward Economic Freedom

• by Rafael Ribeiro

It is a fact that Brazil has been through a liberating change since President Jair Bolsonaro won the election. He gave the world a short demonstration of his intentions to take the country out of the socialist hole we found ourselves in when, a few weeks after winning, he declared that the Brazilian government would no longer subsidize the Cuban regime via the exploitative More Doctors program. 

Bolsonaro's administration recently completed its first 100 days, and numerous liberalizing measures came about during this period. Gun rights for civilians are expanding; homeschooling is poised to be legally recognized; some job-killing regulations were terminated; talks about the privatization of giant state-run companies such as Petrobras and Correios have gained ground; pension reform got its first approval in Congress, and so on. It looks like we are on our way toward replicating the Chilean miracle.