Brazil Says Its Resistance to Elon Musk Is Global Example
Brazil Says Its Resistance to Elon Musk Is Global Example
"Long-term investors who know Brazil likely won’t be swayed for now," says AS/COA's Eric Farnsworth to The Wall Street Journal.
Brazilian President Luiz Inácio Lula da Silva said his country should serve as an example for the rest of the world on how to deal with Elon Musk after the Supreme Court voted to uphold a ban on the billionaire’s social-media platform X.
“The world is not obliged to put up with Musk’s far-right ideology just because he is rich,” Brazil’s leftist leader told local media late Monday. Brazil, one of the world’s largest democracies, shut down X over the weekend after Supreme Court Justice Alexandre de Moraes outlawed the social-media platform for failing to suspend accounts that he asserted contained hate speech and misinformation, as well as complying with other legal requirements.
A five-member panel of justices voted unanimously in favor of the ban Monday after de Moraes called on the court to review his decision. He and the court have been facing accusations of overstepping their mandate, both here in Brazil and far beyond. Musk has referred to de Moraes as a “dictator” on X. [...]
“Long-term investors who know Brazil likely won’t be swayed for now,” said Eric Farnsworth, a former senior American diplomat and analyst at the Council of the Americas policy group in Washington. “But Brazil’s spat with the owner of the world’s loudest microphone only contributes to a narrative of uncertainty and increasing government skepticism of the private sector.”
