IBOV 176,402.10 ▲ 1.77% IPSA 10,989.46 ▲ 0.32% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL5.06▼ 0.31% USD/MXN17.39▼ 0.14% USD/CLP934.84▼ 0.09% USD/COP3,200▼ 1.72% USD/PEN3.40▲ 0.06% USD/ARS1,480▲ 0.15% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.34▲ 0.24% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.77▼ 0.85% BRENT 93.23 ▲ 2.44% WTI 86.17 ▲ 1.48% IRON ORE 161.91 — — COPPER 6.50 ▼ 0.12% GOLD 4,165 ▲ 2.30% SILVER 60.61 ▲ 3.02% SOY 1,239 ▲ 1.60% CORN 484.50 ▲ 7.01% WHEAT 705.50 ▲ 4.06% COFFEE 314.70 ▼ 5.20% SUGAR 14.70 ▼ 1.21% ORANGE JUICE 148.90 ▲ 3.55% COTTON 81.36 ▲ 3.04% COCOA 5,316 ▼ 5.19% BEEF 220.40 ▼ 2.77% CATTLE 338.60 ▼ 3.13% LITHIUM 69.34 ▲ 0.38% PETR4 42.48 ▲ 1.97% VALE3 74.62 ▲ 3.29% ITUB4 42.50 ▼ 0.07% BBDC4 18.68 ▲ 0.70% ABEV3 16.00 ▲ 1.27% BBAS3 20.84 ▼ 0.19% B3SA3 15.59 ▲ 2.77% WEGE3 46.73 ▲ 10.03% PRIO3 59.29 ▲ 1.91% SUZB3 41.91 ▲ 0.67% RENT3 36.86 ▲ 0.85% AZZA3 17.60 ▲ 0.69% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.71 ▼ 0.73% GMAT3 3.86 ▲ 0.78% PSSA3 54.77 ▲ 2.41% CVCB3 1.19 ▲ 6.25% POSI3 3.74 ▲ 1.63% SLCE3 13.79 ▲ 0.29% NATU3 8.78 ▲ 0.80% BRKM5 6.10 ▲ 6.83% RANI3 7.97 ▲ 1.01% CSNA3 5.33 ▲ 5.34% CMIN3 5.79 ▲ 3.76% USIM5 8.66 ▲ 2.36% GGBR4 23.78 ▲ 1.23% ENEV3 25.63 ▲ 0.83% CPFE3 46.53 ▲ 0.28% CMIG4 11.10 ▲ 0.73% EQTL3 38.91 ▲ 0.21% LREN3 13.43 ▲ 1.21% VIVT3 35.37 ▼ 1.20% RAIL3 13.61 ▲ 2.79% KLABIN 17.79 ▲ 1.14% RAIA DROGASIL 18.29 ▲ 0.88% RDOR3 34.03 ▲ 0.32% HAPV3 11.53 ▲ 2.58% FLRY3 16.56 ▲ 0.06% SMTO3 16.04 ▲ 2.95% UGPA3 32.53 ▲ 2.23% VBBR3 34.63 ▲ 2.00% BBSE3 42.15 ▲ 1.44% BPAC11 56.53 ▲ 2.10% CURY3 30.08 ▲ 0.43% AERI3 2.05 ▲ 0.49% VIVARA 21.29 ▼ 0.56% COMPASS 24.75 ▲ 1.27% VAMOS 3.15 ▲ 1.94% SANB11 26.53 ▼ 2.50% ASAI3 8.43 ▲ 2.18% SBSP3 29.00 ▲ 1.40% WALMEX 48.85 ▼ 0.61% GMEXICO 214.85 ▲ 2.81% FEMSA 228.00 ▲ 0.56% CEMEX 22.05 ▼ 0.09% GFNORTE 188.51 ▲ 1.46% BIMBO 60.13 ▲ 1.25% TELEVISA 9.86 ▲ 1.02% AMX 22.67 ▼ 0.40% GAP 376.14 ▼ 0.63% ASUR 271.36 ▼ 1.31% OMA 228.68 ▲ 1.07% KOF 183.12 ▲ 1.47% GRUMA 280.02 ▼ 0.91% KIMBER 39.30 ▲ 2.34% SQM-B 65,775 ▲ 1.91% COPEC 6,500 ▲ 0.78% BSANTANDER 79.23 ▲ 0.28% FALABELLA 5,930 ▲ 0.18% ENELAM 84.13 ▼ 0.47% CENCOSUD 2,010 ▼ 0.88% CMPC 1,075 ▼ 0.82% BANCO CHILE 190.35 ▲ 0.18% LATAM AIR 24.01 ▼ 0.79% YPF 81,850 ▲ 1.52% GGAL 8,185 ▲ 2.76% PAMPA 5,530 ▲ 1.00% TXAR 675.00 ▼ 0.59% ALUAR 975.00 ▲ 0.21% TGS 9,795 ▲ 0.88% CEPU 2,357 ▲ 0.73% MIRGOR 16,850 ▲ 0.45% COME 43.20 ▲ 0.77% LOMA NEGRA 3,633 ▲ 0.76% BYMA 295.25 ▲ 1.03% TELECOM ARG 4,278 ▲ 0.53% ECOPETROL 16.76 ▲ 1.39% BANCOLOMBIA 84.28 ▲ 0.77% GRUPO AVAL 5.05 ▼ 0.83% CREDICORP 390.14 ▼ 0.25% SOUTHERN COPPER 194.17 ▲ 3.28% BUENAVENTURA 32.55 ▲ 4.16% MERCADOLIBRE 1,806 ▼ 0.94% NUBANK 14.02 ▼ 2.61% XP 17.03 ▲ 1.04% PAGSEGURO 9.53 ▼ 0.57% STONE 11.15 ▼ 0.93% GLOBANT 31.79 ▼ 0.98% TECNOGLASS 45.14 ▼ 0.02% GAP AIRPORT 216.33 ▼ 0.62% ASUR 271.36 ▼ 1.31% OMA AIRPORT 105.05 ▲ 0.78% AMX ADR 26.03 ▼ 0.23% FEMSA ADR 131.09 ▲ 0.56% CEMEX ADR 12.71 ▲ 0.04% PETROBRAS ADR 18.88 ▲ 1.83% VALE ADR 14.73 ▲ 3.33% ITAU ADR 8.36 ▼ 0.48% SANTANDER BR 5.36 ▼ 0.92% AMBEV ADR 3.14 ▲ 0.80% CSN 1.06 ▲ 6.00% GERDAU 4.71 ▲ 1.40% LATAM ADR 51.25 ▼ 0.62% BTC 65,981 ▼ 0.79% ETH 1,942 ▲ 0.72% SOL 78.42 ▲ 0.40% XRP 1.15 ▲ 0.80% BNB 572.13 ▼ 0.26% ADA 0.18 ▲ 2.68% DOGE 0.07 ▼ 0.34% AVAX 6.63 ▲ 1.05% LINK 8.68 ▲ 0.39% DOT 0.84 ▼ 0.33% LTC 46.86 ▲ 0.09% BCH 221.13 ▼ 1.15% TRX 0.33 ▼ 0.33% XLM 0.19 ▼ 0.88% HBAR 0.07 ▲ 4.23% NEAR 1.89 ▼ 2.28% ATOM 1.47 ▼ 1.08% AAVE 97.74 ▲ 2.27% SELIC 14.25% EMBRAER 83.36 ▲ 0.86% EMBRAER ADR 65.94 ▲ 0.72% JBS 12.11 ▲ 1.30% JBS BDR 61.11 ▲ 1.48% MBRF3 15.48 ▲ 2.45% MBRFY 3.02 ▲ 2.37% INTER 5.52 ▼ 1.08% EGX 53,932 ▼ 0.11% USD/ZAR16.39▼ 0.50% USD/NGN1,370▼ 0.55% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY163.09▼ 0.05% USD/CNY6.76▼ 0.08% DAX 25,166 ▲ 0.62% CAC 8,446 ▲ 1.00% FTSE 10,730 ▲ 1.36% MIB 52,749 ▲ 0.89% IBEX 19,579 ▲ 1.03% STOXX 647.23 ▲ 0.63% EUR/USD1.14▲ 0.12% GBP/USD 1.3379 — 0.00% SPX 7,520 ▲ 0.15% DJI 52,367 ▲ 0.27% NDX 29,159 ▲ 0.01% RUT 2,967 ▼ 0.69% TSX 35,581 ▲ 0.60% VIX 16.91 ▼ 0.82% USD/CAD1.41▼ 0.16% US10Y 4.6530 ▲ 0.54% IBOV 176,402.10 ▲ 1.77% IPSA 10,989.46 ▲ 0.32% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL 5.06 ▼ 0.31% USD/MXN 17.39 ▼ 0.14% USD/CLP 934.82 ▼ 0.09% USD/COP 3,200 ▼ 1.72% USD/PEN 3.40 ▲ 0.06% USD/ARS 1,480 ▲ 0.15% USD/UYU 40.14 ▲ 1.07% USD/PYG 6,035 ▲ 1.50% USD/BOB 10.95 ▲ 3.79% USD/DOP 58.34 ▲ 0.24% USD/CRC 447.42 ▲ 1.35% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.74 ▲ 1.52% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.35% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.77 ▼ 0.85% BRENT 93.23 ▲ 2.44% WTI 86.17 ▲ 1.48% IRON ORE 161.91 — — COPPER 6.50 ▼ 0.12% GOLD 4,165 ▲ 2.30% SILVER 60.61 ▲ 3.02% SOY 1,239 ▲ 1.60% CORN 484.50 ▲ 7.01% WHEAT 705.50 ▲ 4.06% COFFEE 314.70 ▼ 5.20% SUGAR 14.70 ▼ 1.21% ORANGE JUICE 148.90 ▲ 3.55% COTTON 81.36 ▲ 3.04% COCOA 5,316 ▼ 5.19% BEEF 220.40 ▼ 2.77% CATTLE 338.60 ▼ 3.13% LITHIUM 69.34 ▲ 0.38% PETR4 42.48 ▲ 1.97% VALE3 74.62 ▲ 3.29% ITUB4 42.50 ▼ 0.07% BBDC4 18.68 ▲ 0.70% ABEV3 16.00 ▲ 1.27% BBAS3 20.84 ▼ 0.19% B3SA3 15.59 ▲ 2.77% WEGE3 46.73 ▲ 10.03% PRIO3 59.29 ▲ 1.91% SUZB3 41.91 ▲ 0.67% RENT3 36.86 ▲ 0.85% AZZA3 17.60 ▲ 0.69% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.71 ▼ 0.73% GMAT3 3.86 ▲ 0.78% PSSA3 54.77 ▲ 2.41% CVCB3 1.19 ▲ 6.25% POSI3 3.74 ▲ 1.63% SLCE3 13.79 ▲ 0.29% NATU3 8.78 ▲ 0.80% BRKM5 6.10 ▲ 6.83% RANI3 7.97 ▲ 1.01% CSNA3 5.33 ▲ 5.34% CMIN3 5.79 ▲ 3.76% USIM5 8.66 ▲ 2.36% GGBR4 23.78 ▲ 1.23% ENEV3 25.63 ▲ 0.83% CPFE3 46.53 ▲ 0.28% CMIG4 11.10 ▲ 0.73% EQTL3 38.91 ▲ 0.21% LREN3 13.43 ▲ 1.21% VIVT3 35.37 ▼ 1.20% RAIL3 13.61 ▲ 2.79% KLABIN 17.79 ▲ 1.14% RAIA DROGASIL 18.29 ▲ 0.88% RDOR3 34.03 ▲ 0.32% HAPV3 11.53 ▲ 2.58% FLRY3 16.56 ▲ 0.06% SMTO3 16.04 ▲ 2.95% UGPA3 32.53 ▲ 2.23% VBBR3 34.63 ▲ 2.00% BBSE3 42.15 ▲ 1.44% BPAC11 56.53 ▲ 2.10% CURY3 30.08 ▲ 0.43% AERI3 2.05 ▲ 0.49% VIVARA 21.29 ▼ 0.56% COMPASS 24.75 ▲ 1.27% VAMOS 3.15 ▲ 1.94% SANB11 26.53 ▼ 2.50% ASAI3 8.43 ▲ 2.18% SBSP3 29.00 ▲ 1.40% WALMEX 48.85 ▼ 0.61% GMEXICO 214.85 ▲ 2.81% FEMSA 228.00 ▲ 0.56% CEMEX 22.05 ▼ 0.09% GFNORTE 188.51 ▲ 1.46% BIMBO 60.13 ▲ 1.25% TELEVISA 9.86 ▲ 1.02% AMX 22.67 ▼ 0.40% GAP 376.14 ▼ 0.63% ASUR 271.36 ▼ 1.31% OMA 228.68 ▲ 1.07% KOF 183.12 ▲ 1.47% GRUMA 280.02 ▼ 0.91% KIMBER 39.30 ▲ 2.34% SQM-B 65,775 ▲ 1.91% COPEC 6,500 ▲ 0.78% BSANTANDER 79.23 ▲ 0.28% FALABELLA 5,930 ▲ 0.18% ENELAM 84.13 ▼ 0.47% CENCOSUD 2,010 ▼ 0.88% CMPC 1,075 ▼ 0.82% BANCO CHILE 190.35 ▲ 0.18% LATAM AIR 24.01 ▼ 0.79% YPF 81,850 ▲ 1.52% GGAL 8,185 ▲ 2.76% PAMPA 5,530 ▲ 1.00% TXAR 675.00 ▼ 0.59% ALUAR 975.00 ▲ 0.21% TGS 9,795 ▲ 0.88% CEPU 2,357 ▲ 0.73% MIRGOR 16,850 ▲ 0.45% COME 43.20 ▲ 0.77% LOMA NEGRA 3,633 ▲ 0.76% BYMA 295.25 ▲ 1.03% TELECOM ARG 4,278 ▲ 0.53% ECOPETROL 16.76 ▲ 1.39% BANCOLOMBIA 84.28 ▲ 0.77% GRUPO AVAL 5.05 ▼ 0.83% CREDICORP 390.14 ▼ 0.25% SOUTHERN COPPER 194.17 ▲ 3.28% BUENAVENTURA 32.55 ▲ 4.16% MERCADOLIBRE 1,806 ▼ 0.94% NUBANK 14.02 ▼ 2.61% XP 17.03 ▲ 1.04% PAGSEGURO 9.53 ▼ 0.57% STONE 11.15 ▼ 0.93% GLOBANT 31.79 ▼ 0.98% TECNOGLASS 45.14 ▼ 0.02% GAP AIRPORT 216.33 ▼ 0.62% ASUR 271.36 ▼ 1.31% OMA AIRPORT 105.05 ▲ 0.78% AMX ADR 26.03 ▼ 0.23% FEMSA ADR 131.09 ▲ 0.56% CEMEX ADR 12.71 ▲ 0.04% PETROBRAS ADR 18.88 ▲ 1.83% VALE ADR 14.73 ▲ 3.33% ITAU ADR 8.36 ▼ 0.48% SANTANDER BR 5.36 ▼ 0.92% AMBEV ADR 3.14 ▲ 0.80% CSN 1.06 ▲ 6.00% GERDAU 4.71 ▲ 1.40% LATAM ADR 51.25 ▼ 0.62% BTC 65,981 ▼ 0.79% ETH 1,942 ▲ 0.72% SOL 78.42 ▲ 0.40% XRP 1.15 ▲ 0.80% BNB 572.13 ▼ 0.26% ADA 0.18 ▲ 2.68% DOGE 0.07 ▼ 0.34% AVAX 6.63 ▲ 1.05% LINK 8.68 ▲ 0.39% DOT 0.84 ▼ 0.33% LTC 46.86 ▲ 0.09% BCH 221.13 ▼ 1.15% TRX 0.33 ▼ 0.33% XLM 0.19 ▼ 0.88% HBAR 0.07 ▲ 4.23% NEAR 1.89 ▼ 2.28% ATOM 1.47 ▼ 1.08% AAVE 97.74 ▲ 2.27% SELIC 14.25% EMBRAER 83.36 ▲ 0.86% EMBRAER ADR 65.94 ▲ 0.72% JBS 12.11 ▲ 1.30% JBS BDR 61.11 ▲ 1.48% MBRF3 15.48 ▲ 2.45% MBRFY 3.02 ▲ 2.37% INTER 5.52 ▼ 1.08% EGX 53,932 ▼ 0.11% USD/ZAR 16.41 ▼ 0.31% USD/NGN 1,370 ▼ 0.45% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.11 ▼ 0.02% USD/CNY 6.7608 ▲ 0.06% DAX 25,166 ▲ 0.62% CAC 8,446 ▲ 1.00% FTSE 10,730 ▲ 1.36% MIB 52,749 ▲ 0.89% IBEX 19,579 ▲ 1.03% STOXX 647.23 ▲ 0.63% EUR/USD 1.1417 ▲ 0.11% GBP/USD 1.3379 — 0.00% SPX 7,520 ▲ 0.15% DJI 52,367 ▲ 0.27% NDX 29,159 ▲ 0.01% RUT 2,967 ▼ 0.69% TSX 35,581 ▲ 0.60% VIX 16.91 ▼ 0.82% USD/CAD 1.4085 ▼ 0.15% US10Y 4.6530 ▲ 0.54%
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Wednesday, July 22, 2026

Guedes Advocates Unity and Free Speech in Brazil

By · September 20, 2023 · 2 min read

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Former Finance Minister Paulo Guedes partnered with influencer Thiago Nigro in a webinar to discuss Brazil’s political climate.

Moving away from economics, Guedes focused on the country’s polarization.

He urged a shift from “barbarism” to an “open society.” In his view, division doesn’t help growth or prosperity.

He called for respect for democracy and freedom of speech.

Citing philosopher Karl Popper, Guedes said that democracy and markets lead to prosperity. He traced political thought back to the French Revolution.

Guedes Advocates Unity and Free Speech in Brazil. (Photo Internet reproduction)
Guedes Advocates Unity and Free Speech in Brazil. (Photo Internet reproduction)
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There, ideas of “liberty, equality, and fraternity” were born. These ideas, he said, shaped modern political ideologies.

Guedes warned that both left and right have led to dictatorships in the past. Despite their differences, he noted that both sides value democracy.

He used a horseshoe metaphor to explain their closeness at the center of the political spectrum.

Reflecting on Brazil’s history, Guedes described its journey from a left-led post-dictatorship period to a right-leaning government.

He sees the current division as a transitional phase. He stressed the need for economic growth, fiscal responsibility, and respect for democratic values.

In summary, Guedes believes that both sides should focus on common goals. He emphasized the importance of free speech without suppression or intimidation.

“I am not a conservative,” he concluded, pushing for a dynamic, open society in Brazil.

Background

The timing of Guedes’ statements is noteworthy. Brazil has seen rising polarization and political unrest.

His appeal for unity and free speech may be a balm in this environment. Interestingly, Guedes isn’t serving in the government now.

This grants him a degree of impartiality in his views.

By invoking Popper, he subtly places himself in a tradition of liberal thought. This perspective values both democracy and free markets.

Thus, his words can be seen as a call for ideological balance.

 

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