Laura Carvalho, Martín Guzmán, and Joseph E. Stiglitz
Far-right presidential candidate Flávio Bolsonaro holds up Argentine President Javier Milei’s economic program as a model for Brazil. But Milei's economic experiment has been a failure, leaving millions of Argentinians worse off and effectively turning their heavily indebted country into a client of the United States.
SÃO PAULO/BUENOS AIRES—Brazil’s presidential election is headed to a runoff. Flávio Bolsonaro—son of disgraced former President Jair Bolsonaro—finished ahead of the incumbent, Luiz Inácio Lula da Silva, in the first round, but neither gained the majority needed to win outright.