Brazil’s Rising Turbulence
Brazil
is in tatters. The economy is in a deepening recession: Last Tuesday,
Moody’s downgraded Brazil’s credit rating to just about junk. A massive
corruption scandal involving the national oil company Petrobras has
ensnared scores of politicians and businessmen. The legislature is in
revolt. President Dilma Rousseff’s popularity rating, less than a year
after her re-election, is down to one digit, and nationwide protests on
Sunday reverberated with calls for her impeachment.
In
all this turbulence, it is easy to miss the good news: the fortitude of
Brazil’s democratic institutions. In pursuing bribery at Petrobras,
federal prosecutors from a special anticorruption unit of the Public
Ministry have not been deterred by rank or power, dealing a blow to the
entrenched culture of immunity among government and business elites.
Former Petrobras executives have been arrested; the wealthy chief
executive of the construction giant Odebrecht, Marcelo Odebrecht, is
under arrest; the admiral who oversaw Brazil’s secret nuclear program
has been arrested, and many others face scrutiny, including Ms.
Rousseff’s predecessor and mentor, Luiz Inácio Lula da Silva.
Though
the investigations have created huge political problems for Ms.
Rousseff and have raised questions about her seven-year tenure as the
chairwoman of Petrobras, before she became president, she has admirably
made no effort to constrain or influence the investigations. On the
contrary, she has consistently emphasized that no one is above the law,
and has supported a new term for the prosecutor general in charge of the
Petrobras probe, Rodrigo Janot.
So
far, the investigations have found no evidence of illegal actions on
her part. And while she is no doubt responsible for policies and much of
the mismanagement that have laid Brazil’s economy low, these are not
impeachable offenses. Forcing Ms. Rousseff out of office without any
concrete evidence of wrongdoing would do serious damage to a democracy
that has been gaining strength for 30 years without any balancing
benefit. And there is nothing to suggest that any leaders in the wings
would do a better job with the economy.
There
is no question that Brazilians are facing tough and frustrating times,
and things are likely to get worse before they get better. Ms. Rousseff
is also in for a lot more trouble and criticism. But the solution must
not be to undermine the democratic institutions that are ultimately the
guarantors of stability, credibility and honest government.
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