Lava Jato caused more damage to Rio than Cabral.
"The bankruptcy of the State of Rio has nothing to do with the revelry of Cabral and his cronies, but rather with Operation Lava Jato," says columnist Daniel Samam; "Operation Lava Jato is directly responsible for the bankruptcy of the State of Rio de Janeiro. It was the infamous Operation that destroyed the shipbuilding industry, the parts and equipment industry for the oil and gas sector, engineering, and the entire related production chain, eliminating hundreds of thousands of jobs or, worse, shifting those jobs to foreign labor," he states.
Operation Lava Jato is directly responsible for the bankruptcy of the State of Rio de Janeiro. It was this infamous operation that destroyed the shipbuilding industry, the parts and equipment industry for the oil and gas sector, engineering, and the entire related production chain, eliminating hundreds of thousands of jobs or, worse, shifting those jobs to foreign labor.
Within months, major national companies had their projects paralyzed, leading to the unemployment of hundreds of thousands of workers. Given this, I ask: who benefits from the collapse of national industry?
To give you an idea, the destructive impact of Operation Lava Jato on the Brazilian construction sector amounts to no less than 1 million job losses. And there's more: Chinese companies managed to buy assets previously controlled by Brazilian construction companies, which also lost ground in Africa, where they had a dominant position. China has taken the top spot in the ranking of foreign investors in post-coup Brazil. This was the case with the Chinese company State Grid, which bought 23% of Camargo Corrêa's stake in CPFL Energia. It was also the case with China Gezhauba, which acquired a stake in Andrade Gutierrez's São Paulo San Lorenzo Water Supply Co., and with HNA Infrastructure, which snapped up Odebrecht's share in Galeão Airport in Rio.
Operation Lava Jato spent more than three years destroying Petrobras' image through selective and illegal leaks to the mainstream media, especially Rede Globo. Not satisfied, the coup-plotting and sell-out consortium resurrected REPETRO, a special program for the export and import of goods destined for the exploration and production of oil and natural gas, created in the 90s during the FHC governments. In this import and export model, imports of machinery and equipment are tax-free, which means the end of the national industry and the local content policy.
No state with an economy dependent on oil and its production chain, as is the case with Rio de Janeiro, can withstand the sell-out policies of the coup-plotting consortium and the arbitrary, fascist actions that dismantle the Brazilian state, such as those of Operation Lava Jato.
* This is an opinion article, the responsibility of the author, and does not reflect the opinion of Brasil 247.
