Globo attacks Lula and defends Brazil's subservience to the dollar – and therefore, to Trump.
This Tuesday's editorial reinforces a view aligned with imperialism and criticizes the president's position on alternatives to the US dollar.
247 - O jornal The Globe published this Tuesday (12) a Editorial The article directly attacks President Luiz Inácio Lula da Silva for advocating the use of currencies other than the dollar in international trade. The article, available on the news outlet's website, adopts a stance aligned with maintaining US hegemony and Brazil's subservience to the US currency and, therefore, to the positions of Donald Trump.
According to the text, Lula would be "mistaken" in proposing that BRICS countries—a bloc formed by Brazil, Russia, India, China, and South Africa—find ways to conduct transactions without the dollar as an intermediary. The publication states that the idea "demonstrates a lack of understanding of how the global economy works" and cites the opinion of analyst Vitelio Brustolin, from the Federal Fluminense University and Harvard, to reinforce the argument that not even the president of the New Development Bank (NDB), Dilma Rousseff, would advocate replacing the US dollar as the benchmark for world trade.
The editorial criticizes Lula for reiterating this position since the BRICS summit held in Rio de Janeiro in July, and states that, so far, "the only result" of the proposal has been to "enrage" the President of the United States, Donald Trump. The text also insists that the predominance of the dollar is "unavoidable" in global trade, highlighting data such as: 60% of international reserves are denominated in the US currency and its presence in nine out of ten international transactions.
O The Globe The publication acknowledges that the use of the dollar has declined since 2015 and that the war in Ukraine, as well as arbitrary sanctions imposed by Washington, are causing fear in countries like China and Russia. However, it argues that the search for alternative exchange rates "is not a Brazilian agenda," downplaying the importance of regional integration proposed by Lula, including trade partnerships with Argentina.
The editorial line of the text makes clear its defense of a model of international insertion in which Brazil remains dependent on the currency and foreign policy of the United States, ignoring the geopolitical relevance of discussing monetary alternatives to strengthen South-South trade. By attacking Lula, the newspaper reinforces a view that favors the status quo of the global financial system, marked by the concentration of power in a few developed economies and the vulnerability of emerging countries to fluctuations and unilateral sanctions.
This stance contrasts with the broader debate on economic sovereignty, in which currency diversification in international trade is considered strategic for reducing risks and increasing the autonomy of developing countries. By describing this agenda as "inexplicable," The Globe It reaffirms its historical alignment with interests that keep Brazil in a subordinate position on the global economic stage.
