It is not the crisis of Brazil. It is the crisis of the capitalist world-system. A critical interpretation of the current crisis The aim of this article is to design significant criteria for stablishing differences between the crisis of Brazil and the crisis in Brazil. Through the historical perspective, the theory of change developed by the New Era Network Paradigm for the Institutional Innovation in Latin America has been used to understand the phenomenon of vulnerability-sustainability. Primarily, instead of evaluating the protests as political and social “facts”, we need to question their interpretations: including their meanings and implications. So that, Brazil has been used as a unit of analysis, as if it existed independently of the capitalist world system but its systemic crisis affects all the countries around the world. What is important to keep in mind is that a crisis of Brazil implies political, programmatic, priority, and strategic measures distinct from those demanded of a crisis in Brazil. Viewing the capitalist world system and its systemic crisis from an interpretive frame, this essay breaks with the -USA-Eurocentric geopolitics of knowledge in which the interpretative functionalism should be convenient for the same system.