Interviewer: RAFAEL KHACHATURIAN. In this episode, host Rafael Khachaturian speaks with sociologist and political theorist NARA ROBERTA SILVA about the trajectory of Brazil's left over the past two decades. Together, they unpack the rise and contradictions of the Workers' Party (PT), Brazil's role in the Latin American "pink tide," and the tensions between grassroots mobilization, state power, and neoliberal constraint. From participatory budgeting in Porto Alegre to Lula's turn to pragmatic governance, Silva offers a sharp, historically grounded reflection on the promises and limits of leftist rule in the Global South. The conversation also turns to the reactionary surge that followed, tracing the conditions that enabled Jair Bolsonaro's rise.