Lula's party puts judicial reform and regulation of big tech at the center of the new mandate
In an official note, the PT lists Judiciary reform, political-electoral reform and regulation of digital platforms among its priorities, without goals or deadlines.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 2 MIN
The Workers' Party released a note with the agendas that, according to the party, should guide Lula's new mandate, according to InfoMoney. The document is from the party, and not from the president, which changes the reading: it is a party position on the next government, and not a personal statement from Lula.
Three themes appear as priorities. The first is the reform of the Judiciary, which the note calls reform of the Justice system. The second is the reform of the political-electoral system. The third is the regulation of the so-called 'large digital platforms', an expression that the text associates with big tech.
The list is not limited to these points. The note also mentions the objective of deepening democracy, confronting historical inequalities and improving the population's living conditions. According to InfoMoney, none of these items come with goals or deadlines, which leaves the practical scope of each proposal open.
What is at stake is the design of the rules. Reforms of the Judiciary and the electoral system change the institutional environment in which companies and investors operate. The regulation of digital platforms directly affects the business model of technology companies, many of which have shares traded abroad, including on Nasdaq.
For the editorial line of The X-Trader News, which defends fiscal responsibility, free markets and lower taxes, the point that requires the most attention is predictability. Well-defined reforms, with clear rules discussed in Congress, tend to provide more security than generic guidelines.
The note, at least in the summary published by InfoMoney, does not contain figures on spending, revenue or taxes. Any reading on the fiscal impact would be speculation, and the newspaper does not do so at this time.
What changes for the investor
For now, the effect is uncertainty about the agenda, not a defined movement. As the note does not have deadlines or detail the format of the proposals, the market tends to wait for concrete projects before reacting. The topic with the most direct connection to the stock market is the regulation of big techs, due to the weight of these companies in indexes such as Nasdaq. Anyone following these papers should look at the text of the proposals when they are presented, not just the statements of intent.
Automatically translated from Portuguese.
