Forecasting one or more possible futures for Brazil is today particularly difficult for two reasons: one specific reason is the particularly shifting international context, and the other is the political shock that the country has been experiencing since the election of a president wishing to break with the past in a particularly brutal and very often inconsistent manner. The economic policy proposed by the new government is increasingly poorly accepted, both by Congress and by the population. It sometimes presents itself in an inconsistent manner through untimely statements either by those close to the President (family, advisers) or by incompetent ministers in opposition to the Minister of the Economy or the Vice-President. It suffers from a rationality deficit (Habermas), i.e. an inability to implement a controversial economic programme leading to a liberal but lame policy. It is possible that the reforms as planned cannot be implemented and that conflicts of interest will lead to deeply watered-down reforms. Alarm bells’ are already ringing in the financial newspapers. Its growth rate is very low and every day that passes is a harbinger of a downward revision of growth. The rationality deficit is increasing, how far will it go? The impeachment of the vice-president supported by the military, the departure of the president supported by religious sects? The return of the leftists? The pandemic and its economic, social and political consequences accentuate the contradictions. As the newspaper Folha de Sao Paulo wrote on May 21, 2020: “Jair Bolsonaro se compraz em apostar no caos” and the Financial Times on May 25: “Jair Bolsonaro’s populism is leading Brazil to disaster”.