Lula shows his populist side

Posted By Joshua Keating Wednesday, September 23, 2009 - 9:02 AM Share

Brazilian president Lula Inacio da Silva speaks against "The absurd doctrine that markets could regulate themselves without the so-called intrustion of state institutions."

Because "no one is willing yet to confront serious distortions of the global economy," he says that "Most of the underlying problems  have been ignored."

On his country's rapid recovery, he cites measures to insulate Brazil's economy from the "virus of speculation."

He picks up Treki's multilateral theme, arguing that the "United Nations can no longer be ruled be the same structures imposed after thesecond world war. "

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President Obama has just entered the room.

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Referring to his country offering shelter to ousted Honduran President Manuel Zelaya in the Brazilian embassy in Teguicigulpa, Lula says to applause, "The international community demands that Mr. Zelaya immediately return to the presidency of Honduras." 

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Lula says recent offshore oil discoveries will make his country a "world leader" in fossil fuelds but that "Brazil will not relinquish its environmental agenda and simply become oan oil giant." 

 
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ARVAY

9:58 AM ET

September 23, 2009

"The absurd doctrine that

"The absurd doctrine that markets could regulate themselves without the so-called intrusion of state institutions."

This is not a "populist statement," it's objective reality, demonstrated recently by the US-triggered economic collapse.
Alan Greenspan was wrong, George Soros was correct.

he "United Nations can no longer be ruled be the same structures imposed after the second world war. "

Probably, the general Assembly needs to acquire the ability to overrule the Security Council by some 70-30 or 60/40 majority.

 

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