The biggest challenge facing Mr. Temer, who largely operated in the shadows as Ms. Rousseff’s vice president before breaking with her earlier this year, is evident: the economy.Brazil’s gross domestic product has plunged 9.7 percent on a per-capita basis in the last nine quarters. The downturn, which Goldman Sachs likens to a depression, has even exceeded the 7.6 percent decline during the so-called lost decade of the 1980s, when Brazil fought hyperinflation.Broad swaths of the population are angry with the entire political establishment, especially now that unemployment has surged to 11.6 percent, from 6.5 percent at the end of 2014. More than 1.7 million Brazilians have lost their jobs in the last year while politicians like Mr. Temer have been battling for power.
The country’s economic difficulties and its racial and social stratification rest upon a flawed foundation that can be summed up in a phrase he uses: “state capitalism.” The entwining of political power with economic power is an ill against which every modern democracy fights. Brazilians, though, have not waged the fight effectively.
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