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This paper makes an economic assessment of Jair Bolsonaro's presidency. It analyzes the triangle of incompatibilities: high income inequality-reprimarization of the economy-high economic growth; and if one adds the environment, one could say the impossible squaring of the circle. The result of this impossibility is economic stagnation, persistent high inequality, deterioration of the standard of living, especially of the poorest, and serious damage to the environment through deforestation. The pandemic and the war in Ukraine have shaken an already "sick" economy and reveal the structural crisis in Brazil, as well as the turning points in the functioning of the labor market. The present ruptures suggest the political exhaustion of the current presidency and that the country is at a crossroads. [ABSTRACT FROM AUTHOR]

Has China's economic success brought about Brazil's economic failure? Or should we look elsewhere for the causes behind the disaster into which the South American nation is currently sinking? There is a path out of the rentier trap, but it is narrow. Brazilian administrations have preferred not to pursue loans, convinced that raw materials prices would keep rising, and that even without making structural changes, it would be possible to enact policies designed to reduce the wage gap and mitigate poverty, with no concern for declining competitiveness, and a blind eye to the top 1%, which is becoming wealthier. An increasingly asymmetrical relationship with China has made room for crisis, but not growth. [ABSTRACT FROM AUTHOR]