BRAZIL: Thirst Comes First

For years politicians have thought that criticizing Brazil's government oil monopoly, Petrobrás. was a quick route to private life. But last week Sáo Paulo's often demagogic Governor Jánio Quadros—who wants the presidency in 1960—pointedly censured the ineffectual, foot-dragging state enterprise.

"This nationalism, and especially this statism, is a big farce and a big blackmail," he said at a conference with a dozen high-ranking fellow politicians. "If there were a plebiscite, Petrobrás would be voted down in ten minutes—and by the workers themselves, once they were properly informed. If I were president, the first thing I would do would be...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!