When inflation soars, the exchange rate melts, investments disappear and food becomes more expensive, the culprits have already been chosen:
The market.
The speculators.
The greedy businessmen.
The evil bankers.<\/p>\n\n\n\n
This is the preferred narrative of bad governments \u2014 those that make mistakes, intervene, disrupt the economy and, when they see the consequences of their actions, choose the most convenient scapegoat.<\/p>\n\n\n\n
\n\u201cIt\u2019s not the fault of our unrealistic fiscal plan.
It is not the fault of the tariffs that isolate the country.
It's not the fault of debt-generated inflation.
It\u2019s the fault\u2026 of the market.\u201d<\/p>\n<\/blockquote>\n\n\n\nBut the market is not a political actor.<\/strong>
It's a thermometer.
It is the set of human reactions to incentives, risks and opportunities.<\/p>\n\n\n\nBlaming the market for reacting to a bad government decision is like blaming the thermometer for a fever.<\/p>\n\n\n\n
Governments that are afraid of the market are actually afraid of being exposed.
Because the market \u2014 more than any media outlet \u2014 reveals where there is illusion, where there is a hole, where there is fraud.<\/strong><\/p>\n\n\n\n\n\u201cThe market\u2019s response is faster than that of voters \u2014 and more honest than that of ministers.\u201d<\/p>\n<\/blockquote>\n\n\n\n
Trump blamed the market for the reactions to his tariffs.
Lula blames the market for the consequences of his spending.
Authoritarians blame the market whenever reality unmasks them.<\/p>\n\n\n\n
\n\n\n\n\ud83d\udce3 Final Call (CTA):<\/strong><\/h3>\n\n\n\n
\nThe market is not the enemy of democracy.
He is the enemy of economic lies.
Keep following the Power & Market<\/em> and get ready for our next series:
The New Era of Economic Regression: PT, Lula and Haddad against the Free Market.<\/em><\/p>\n<\/blockquote>","protected":false},"excerpt":{"rendered":"Governos autorit\u00e1rios ou irrespons\u00e1veis adoram culpar \u201co mercado\u201d por crises que eles mesmos provocam. Esta postagem desmonta a narrativa que transforma o mercado em vil\u00e3o, mostrando como ele \u00e9, na verdade, um term\u00f4metro que revela a verdade econ\u00f4mica antes que a popula\u00e7\u00e3o perceba.<\/p>","protected":false},"author":1,"featured_media":445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow55rbCw:productID":"","footnotes":""},"categories":[86],"tags":[73,106,231,302,299,301,300,304,303],"class_list":["post-443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politica-e-economia","tag-inflacao","tag-intervencao-estatal","tag-liberalismo-economico","tag-lula-haddad","tag-mercado-e-governo","tag-politica-fiscal","tag-populismo-economico","tag-retorica-antiempresarial","tag-trump-tarifas"],"_links":{"self":[{"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/posts\/443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/comments?post=443"}],"version-history":[{"count":0,"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/posts\/443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/media\/445"}],"wp:attachment":[{"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/media?parent=443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/categories?post=443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/poderemercado.com.br\/en\/wp-json\/wp\/v2\/tags?post=443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}