Leaders reversing doubts on Bolsonaro’s candidacy
Business leaders and financial markets in Latin America’s largest economy are shaking off their misgivings to coalesce around the candidacy of poll leader Jair Bolsonaro, a retired army captain who has repeatedly said he doesn’t understand the economy.
For many Brazilians, Bolsonaro’s candidacy in Sunday’s vote has long provoked fears because of his penchant for waxing nostalgic about the country’s 1964-1985 dictatorship, along with his steady stream of derogatory comments about women, blacks, indigenous peoples and gays. For their part, industry leaders worried about what they saw a big-government, populist streak in past statements and his voting record.
The growing decision by the business community to essentially hold its nose is being driven by factors ranging from Bolsonaro’s decision to name an esteemed banker as head of his economic team to fear about a return of the left-leaning policies of the Workers’ Party.