Brazil: On the Edge of the Abyss

Brazilians like to think that their country is so big that no abyss could possibly hold it. They may be right. With half of South America's people and nearly half of its area, Brazil is huge, rich, and living on the steep sides of an abyss.

Last week the country was in the midst of its sixth Cabinet crisis in 18 months—and President Joao Goulart was engaged in another of those nimble political maneuvers by which he solves nothing but somehow survives. Out as Finance Minister went Carlos Alberto Alves Carvalho Pinto, 53, the able onetime governor of Sao Paulo state,...

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