The interesting thing about that comment is Brazil. When Lula de Silva was elected there was a clamor here about communism and death and destruction but it hasn't happened. He hasn't been invited to Crawford, but he hasn't collectivized the farms either. As far as I know he hasn't nationalized anything either.
I know, I know, we don't know he won't impose a Castro like Regime in Venezuela. I also don't know what he is doing except by looking through my small window into Venezuela, he is playing by at least some of the established rules. He imposed import controls and the flow of capital out of the country. This is a blow to the Aristos in that they can't live it up in Miami while the peons are starving..... that is until the money abroad runs out. It probably won't stop practice but might crimp their style and get their attention.
In my opinion, as goes Brazil, so goes the continent. We hear the frogs croaking about greatness, while Brazil could easily outpace and outmode them. We should be doing everything in our power to see the middle Class in Brazil is strengthened.