Politics of Public Debt

Financialization, Class, and Democracy in Neoliberal Brazil

AvDaniel Bin

Häftad, Engelska, 2020

Del i serien Studies in Critical Social Sciences

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Beskrivning

In The Politics of Public Debt, Daniel Bin analyzes how fiscal and monetary policies and the administration of public debt related to class, labor, and democracy during the period of neoliberal financialization in Brazil. Sustained by state action, the politico-economic context allowed the establishment of a macroeconomic framework that favored finance capital. It was characterized by the expropriation of workers' incomes through a system involving public debt and taxation, capable of deepening labor exploitation. Decisions about public debt and related policies are analyzed in terms of their implications for economic democracy. The book raises the hypothesis that the 2016 coup within the Brazilian capitalist state sought to overthrow the political forces that were no longer able to administer this model.

Produktinformation

Utgivningsdatum:2020-11-03
Mått:152 x 228 x 12 mm
Vikt:308 g
Format:Häftad
Språk:Engelska
Serie:Studies in Critical Social Sciences
Antal sidor:210
Förlag:Haymarket Books
ISBN:9781642593617

Utforska kategorier

Ekonomisk historia inom Ekonomi och Ledarskap
Internationell ekonomi inom Ekonomi och Ledarskap
Sociologi inom Samhälle och politik

Mer om författaren

Daniel Bin is an associate professor at the University of Brasilia. He was a visiting scholar at Yale University and at the University of Wisconsin-Madison. Bin has published on economic policies and their implications for labor and class relations, and more recently on dispossessions of means of subsistence and production.

Innehållsförteckning

Acknowledgements ixPreface xList of Figures xiiIntroduction1The Politics of Financialization1Crisis of Accumulation and Reaction of Finance2Financial Expansion of the Brazilian Economy3Fictitious Capital as a Concrete Social Relation2Capitalist State and Financial Hegemony1Capitalist Economy and Capitalist State2Financial Hegemony in the State Apparatus3The Class Character of Macroeconomic Policy3Fiscal Superstructure, Expropriation, and Exploitation1The Financialization of Class Exploitation2Exploitation beyond Labor Exchange3Public Debt, Taxation, and Redistribution of Surpluses4Public Debt and the Rise in the Rate of Exploitation5State Spending and Appropriation of Income4Macroeconomic Policy and Economic Democracy1Capitalism or Democracy2Depoliticization of Economic Policy3Selective Bureaucratic Insulation4Monetary Expectations and Inducements5The Talking Shop of Macroeconomic Policy6Economic Democracy and Democratic SocialismConclusionAfterword: The 2016 Coup d 'étatBibliographyIndex