The iconic striker believes that the Selecao must atone for their embarrassing 7-1 loss to Joachim Low's men in Belo Horizonte on Tuesday.
Luiz Felipe Scolari's side had been charged with the responsibility of making amends for the failure to lift the trophy the last time the country had hosted the tournament, in 1950.
However, the Selecao's surprise 2-1 loss to Uruguay in Rio de Janeiro 64 years ago was nothing compared to the embarrassment the team suffered in front of the watching world in Belo Horizonte on Tuesday, with the five-time champion being routed 7-1 by Joachim Low's men.
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Ronaldo was stunned by the error-strewn nature of Brazil's display and says that the club now owes it to the people to defeat either Argentina or Netherlands in Brasilia on Saturday.
"The Selecao paid a very high price for their mistakes and now they have an obligation to claim third place," the former Barcelona and Real Madrid forward is quoted as saying by A Bola.
However, Ronaldo's fellow legendary forward, Pele, believes that the Selecao now need to look towards the next World Cup.
"I have always said that football is full of surprises," he wrote on his Twitter profile. "Nobody expected this result. So let's win the sixth [title] in Russia."