Miracles and long term

The Portuguese no longer all feel the same and are suspicious of their leaders. More. The country showed its poverty, as well as its social, political and institutional limitations.

Portugal's relationship with the pandemic has been a perfect illustration of the country we are.

In March, in the face of surprise and unpreparedness, we were fantastic at improvising. There was still no governmental position, but the Portuguese decided for themselves what to do. They removed the children from school, canceled meetings and parties, went to telework and prepared confinement. Companies reorganized processes and the country continued to function, within limitations.

The confinement was strict and the Portuguese “miracle” happened, because we all feel the same and in the same boat. At that time, a measure was taken that made me proud as a Portuguese: health support was guaranteed to any immigrant, even if illegal, and facilitated the stay in the country.

Overall, we were better than average, which created fertile ground for populism in Parliament, São Bento and Belém.

But the so-called “miracle” only happened because we were on the ground where we are strong - the short term. After almost a year, the country's structural weakness came to the fore. The precariousness of employment created more inequalities and exclusion, the most disadvantaged were not defended, not enough resources were created in health to respond to a crisis that was foreseeable this time and communication has been mediocre.

As usual, politics overrides pragmatism and citizen interest. The Portuguese no longer all feel the same and are suspicious of their leaders.

The long term, which requires strategy, planning, method, rationality, equity and clear language, has already put us in the place of custom - much worse than average. The country showed its poverty, as well as its social, political and institutional limitations.

Recommended

Warren Buffett's Berkshire Hathaway net profit fell 48% in 2020

“Last year, we demonstrated our enthusiasm for Berkshire's assets by repurchasing the equivalent of 80.998“ A ”shares, spending $ 24,7 billion in the process. This measure increased your position in all Berkshire businesses by 5,2% without requiring you to touch your portfolio, ”wrote the 'Omaha oracle' in the annual letter sent to shareholders.

PremiumLagarde and Powell allow for spot inflation

Monetary authorities intend to continue with their accommodative policy despite “one-off” rises in post-pandemic inflation.

Nasdaq was the only one to 'green' at the close of the session on Wall Street

Amazon, Apple, Microsoft and Alphabet closed with gains. The shares of Beyond Meat - the brand that revolutionized the industry by creating meat-flavored vegan foods - rose 1,30% to $ 145,62, after announcing an agreement with McDonald's and Yum! Brands.
Comments