Brazil passes Chilean-style pension reform as protests engulf Santiago

Brazil should be careful of learning the wrong lessons from Chilean protests.

A demonstrator runs from tear gas during a protest against Chile’s state economic model

Sometimes one wonders if we really are living in a simulation – and then we see ironies so incredible: narratives surely too contrived to be served up by any conscious design.

Take Brazil’s pension reforms – the need for which has been talked about for more than a decade, and the specific reform has been years in the making.

Finally, on Tuesday, the Brazilian senate passed finance minister Paulo Guedes’ reform, which was inspired by the Chilean model.

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