In an earning calls last Friday with JP Morgan, the celebratory CEO of Banco Latinoamericano de Comercio Exterior SA, Rubens Amaral, explicitly described Dilma’s impeachment as “one of the first steps to normalization in Brazil,” and said that if Temer’s new government implements the “structural reforms” that the financial community desires, then “definitely there will be opportunities.” News of Temer’s preferred appointees strongly suggests Mr. Amaral — and his fellow plutocrats — will be pleased.

Meanwhile, the dominant Brazilian media organs of Globo, Abril (Veja), Estadão — which Miranda’s op-ed discusses at length — are virtually unified in support of impeachment, as in No Dissent Allowed, and have been inciting the street protests from the start. Why is that revealing? Reporters Without Borders just yesterday released its 2016 Press Freedom Rankings, and ranked Brazil 103 in the world because of violence against journalists but also because of this key fact: “Media ownership continues to be very concentrated, especially in the hands of big industrial families that are often close to the political class.” Is it not crystal clear what’s going on here?

So to summarize: Brazilian financial and media elites are pretending that corruption is the reason for removing the twice-elected president of the country as they conspire to install and empower the country’s most corrupted political figures. Brazilian oligarchs will have succeeded in removing from power a moderately left-wing government that won four straight elections in the name of representing the country’s poor, and are literally handing control over the Brazilian economy (the world’s seventh largest) to Goldman Sachs and bank industry lobbyists.

This fraud being perpetrated here is as blatant as it is devastating. But it’s the same pattern that has been repeatedly seen around the world, particularly in Latin America, when a tiny elite wages a self-protective, self-serving war on the fundamentals of democracy. Brazil, the world’s fifth most populous country, has been an inspiring example of how a young democracy can mature and thrive. But now, those democratic institutions and principles are being fully assaulted by the very same financial and media factions that suppressed democracy and imposed tyranny in that country for decades.