Lula-Milei Clash Embodies the World's Competing Economic Views [BNN Bloomberg (Canada)]
AllianceBernstein Holding L.P. Units (AB)
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Milei is desperate to gut public spending, sell off state-run companies and slash regulations. Lula, meanwhile, hounds his aides to ramp up spending, revitalize state companies to drive industrial policy and strengthen regulations to protect workers and the environment. That the two men lead neighboring countries — rival commodity powerhouses, long-time trade partners, allies and, of course, mortal enemies on the soccer field — makes the ideological clash all the more stark. Tensions have flared again and again. Milei has a habit of calling Lula a “communist.” Lula in turn sticks Milei in his bucket of “primitive” nationalists. Their top diplomats are then sent to patch things up. But the huge divide remains clear in the pretty distinct crowd each leader attracts. Brazil's former President Jair Bolsonaro, Hungary's Viktor Orban and Elon Musk have all supported Milei, while Lula this week is hosting Emmanuel Macron in the Amazon and Brasilia, after holding more than one meeting wi
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