Why Brazil’s business elites are warming to a far-right flamethrower for president

Brazil’s business class is quietly rooting for far-right presidential candidate Jair Bolsonaro to win the nation’s highest office this month, fearful of a return to leftist rule in Latin America’s largest economy.

The nation’s currency and equity markets have increasingly rallied in lock-step with favorable poll numbers for Bolsonaro, a firebrand congressman better known for his broadsides against gays and Afro-Brazilians than his embrace of free markets. Over a 27-year legislative career, Bolsonaro has voted repeatedly to preserve state-owned monopolies and against reforming Brazil’s bloated public pension system.

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