As this article in Valor Econômico, Brazil’s largest monetary newspaper, outlines, the federal authorities’s delay in ordering COVID-19 vaccines has value Brazil’s inventory change, finest referred to as Ibovespa, about 13,000 factors, or 10%.
“The foundation of our downside, what affected us essentially the most this 12 months, was the mismanagement of the vaccination,”stated Ronaldo Patah, a market strategists at UBS Wealth Administration. “If the federal government had closed offers again there, the Ibovespa would have been close to the height, at 125,000 factors, and never at 112,000 factors.”
Final 12 months, the Brazilian authorities rejected a proposal from the pharmaceutical firm Pfizer to provide 70 million doses of vaccines. The well being ministry claimed that it had taken this determination to keep away from falling right into a “marketing” scheme involving the vaccine producers.
Patah stated that if the federal government had bought the doses again in September final 12 months, Brazil might at the moment be vaccinating at a charge just like that of the USA.
Though Bolsonaro can’t be held liable for the complete complicated technique of virus mutation and the event of a pandemic unprecedented in fashionable historical past, it’s greater than evident that his authorities might have contained the worsening scenario via the implementation of straightforward measures that proved to be efficient in lots of international locations.
Nevertheless, his ultra-conservative concept that the financial penalties of restrictive measures can be worse than the deaths of residents revealed his absolute disregard for the favored lessons, in addition to sturdy structural racism.
The conviction, up to now ratified by the polls, that no matter is completed the bulk will proceed to vote for him, makes Bolsonaro really feel supported in his deadly coverage.
However neither the nation nor the world can watch for the following election to see a change within the Brazilian authorities’s angle. Solely coordinated worldwide stress can be sure that harmful new variants are curbed and hundreds of lives are saved, not solely in Brazil, however worldwide.