Lula shows his populist side

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 ...

By , a former associate editor at Foreign Policy.

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

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. "

President Obama has just entered the room.

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." 

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." 

Joshua Keating was an associate editor at Foreign Policy. Twitter: @joshuakeating

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