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      Pochmann: Misdiagnosis Dominates the Neoliberal Press

       Economist Márcio Pochmann stated that "the wrong diagnosis dominates the neoliberal press." "Just implement the reforms, and the economy will grow sustainably again. This is a grave mistake, because the direction of the reforms that have been carried out since Temer's presidency points to the emptying of the domestic market. Without demand, there is no recovery," he said.

      Pochmann: Misdiagnosis Dominates the Neoliberal Press (Photo: Guilherme Santos - Sul 21)

      247 - Economist Márcio Pochmann stated that "the wrong diagnosis dominates the neoliberal press." "Just implement the reforms, and the economy will grow sustainably again. This is a grave mistake, because the direction of the reforms that have been carried out since Temer's presidency points to the emptying of the domestic market. Without demand, there is no recovery," he said.

      "In a country where private banks lend practically only in the short term and in treasury operations with government bonds, BNDES announces it will return even more resources to the Bolsonaro government, indicating lukewarm credit to revive the economy and illusion in the proposed pact to unlock business," he states.

      According to the scholar, "the federal bureaucracy is still far from that described by M. Weber, but its destruction, as indicated by the Bolsonaro government, quickly leads to misrule, if not outright ungovernability." "Could this be on the radar to justify a kind of imperial coup, granting full power to the leader?" he questioned.

      "How would meritocracy, the measure of neoliberalism, explain it? Racism, the structural basis of inequality, which the Bolsonaro government chooses to ignore," he added.