The Politics of Financialization in Brazil

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World Review of Political Economy

Volume 7, Issue 1

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The Politics of Financialization in Brazil

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Author(s): Daniel Bin

Publication date (Print): Spring 2016

Journal: World Review of Political Economy

Publisher: Pluto Journals

Keywords: Brazil, crisis, financialization, politics, public debt

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Journal ID (doi): 10.13169

Journal ID (publisher-id): worlrevipoliecon

Title: World Review of Political Economy

Publisher: Pluto Journals

ISSN (Print): 2042891X

ISSN (Electronic): 20428928

Publication date (Print): Spring 2016

Volume: 7

Issue: 1

Pages: 106-126

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Publisher ID: worlrevipoliecon.7.1.0106

DOI: 10.13169/worlrevipoliecon.7.1.0106

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References

Arrighi, G. 1994. The Long Twentieth Century: Money, Power, and the Origins of Our Times . London: Verso.
Bin, D. 2014. “The Class Character of Macroeconomic Policies in Brazil of the Real.” Critical Sociology 40 (3): 431–49.
Bin, D. 2015. “Fiscal Superstructure and the Deepening of Labour Exploitation.” Capital & Class 39 (2): 221–41.
Bowles, S., D. M. Gordon, and T. E. Weisskopf. 1990. After the Waste Land: A Democratic Economics for the Year 2000 . Armonk: M.E. Sharpe.
Boyer, R. 1999. “Estado, Mercado e Desenvolvimento: Uma Nova Síntese para o Século XXI?” Economia e Sociedade 8 (1): 1–20.
Carcanholo, R. A., and P. Nakatani. 2001. “Capital Especulativo Parasitario versus Capital Financiero.” Problemas del Desarrollo 32 (124): 9–31.
Corbridge, S. 1993. Debt and Development . Oxford: Blackwell.
Crouch, C. 2011. The Strange Non-death of Neoliberalism . Cambridge: Polity.
Desai, R. 2013. Geopolitical Economy: After US hegemony, Globalization and Empire . London: Pluto Press.
Desai, R., and A. Freeman. 2011. “Value and Crisis Theory in the ‘Great Recession.’” World Review of Political Economy 2 (1): 35–47.
Deutschmann, C. 1996. “Money as a Social Construction: On the Actuality of Marx and Simmel.” Thesis Eleven 47 (1): 1–19.
Dufour, M., and Ö. Orhangazi. 2007. “International Financial Crises: Scourge or Blessings in Disguise?” Review of Radical Political Economics 39 (3): 342–50.
Duménil, G., and D. Lévy. 2004. Capital Resurgent: Roots of the Neoliberal Revolution . Cambridge, MA: Harvard University Press.
Duménil, G., and D. Lévy. 2011. The Crisis of Neoliberalism . Cambridge, MA: Harvard University Press.
Fine, B. 2001. “The Continuing Imperative of Value Theory.” Capital & Class 25 (3): 41–52.
Foster, J. B., and F. Magdoff. 2009. The Great Financial Crisis: Causes and Consequences . New York: Monthly Review Press.
Frieden, J. A. 1991. “Invested Interests: The Politics of National Economic Policies in a World of Global Finance.” International Organization 45 (4): 425–51.
Frieden, J. A. 2006. Global Capitalism: Its Fall and Rise in the Twentieth Century . New York: W.W. Norton.
Harvey, D. 2005. A Brief History of Neoliberalism . New York: Oxford University Press.
Harvey, D. 2006. Spaces of Global Capitalism: Towards a Theory of Uneven Geographical Development . London: Verso.
Harvey, D. 2010. The Enigma of Capital: And the Crises of Capitalism . New York: Oxford University Press.
Hermann, J. 2002. “A Macroeconomia da Dívida Pública: Notas sobre o Debate Teórico e a Experiência Brasileira Recente.” Cadernos Adenauer 3 (4): 41–70.
Hilferding, R. (1910) 1981. Finance Capital: A Study of the Latest Phase of Capitalist Development . London: Routledge & Kegan Paul.
Ingham, G. 1998. “On the Underdevelopment of the ‘Sociology of Money.’” Acta Sociologica 41 (1): 3–18.
Jessop, B. 2010. “The ‘Return’ of the National State in the Current Crisis of the World Market.” Capital & Class 34 (1): 38–43.
Krippner, G. R. 2005. “The Financialization of the American Economy.” Socio-Economic Review 3 (2): 173–208.
Krippner, G. R. 2011. Capitalizing on Crisis: The Political Origins of the Rise of Finance . Cambridge, MA: Harvard University Press.
Lapavitsas, C., ed. 2012. Financialization in Crisis . Chicago: Haymarket.
Li, M. 2004. “After Neoliberalism: Empire, Social Democracy, or Socialism?” Monthly Review 55 (8): 21–36.
Mandel, E. 1990. “Introduction.” In Capital , vol. 1, edited by K. Marx, 11–86. London: Penguin.
Marx, K. (1890) 1990. Capital , vol. 1. London: Penguin.
Marx, K. (1894) 1991. Capital , vol. 3. London: Penguin.
Morais, L., A. Saad-Filho, and W. Coelho. 1999. “Financial Liberalisation, Currency Instability and Crisis in Brazil: Another Plan Bites the Dust.” Capital & Class 23 (2): 9–14.
Nakatani, P., and R. Herrera. 2007. “The South Has Already Repaid Its External Debt to the North: But the North Denies Its Debt to the South.” Monthly Review 59 (2): 31–36.
Paulani, L. 2008. Brasil Delivery: Servidão Financeira e Estado de Emergência Econômico . São Paulo: Boitempo.
Pochmann, M. 2012. Nova Classe Média? O Trabalho na Base da Pirâmide Social Brasileira . São Paulo: Boitempo.
Potter, B. 2007. “Constricting Contestation, Coalitions, and Purpose: The Causes of Neoliberal Restructuring and Its Failures.” Latin American Perspectives 34 (3): 3–24.
Poulantzas, N. 1973. “On Social Classes.” New Left Review I/78: 27–54.
Poulantzas, N. 1978. Classes in Contemporary Capitalism . London: Verso.
Preda, A. 2007. “The Sociological Approach to Financial Markets.” Journal of Economic Surveys 21 (3): 506–33.
Przeworski, A. 1985. Capitalism and Social Democracy . Cambridge: Cambridge University Press.
Przeworski, A. 1998. “Deliberation and Ideological Domination.” In Deliberative Democracy , edited by J. Elster, 140–60. Cambridge: Cambridge University Press.
Rassel, G. R. 2005. “Public Debt and Stability.” In Handbook of Public Sector Economics , edited by D. Robbins, 323–73. Boca Raton: Taylor & Francis.
Rocha, G. M. 1994. “Redefining the Role of the Bourgeoisie in Dependent Capitalist Development: Privatization and Liberalization in Brazil.” Latin American Perspectives 21 (1): 72–98.
Rocha, G. M. 2002. “Neo-dependency in Brazil.” New Left Review 16: 5–33.
Saad-Filho, A. 2010. “Crisis in Neoliberalism or Crisis of Neoliberalism?” Socialist Register: The Crisis This Time 47: 242–59.
Salama, P. 1978. “Etat et Capital. L'Etat Capitaliste comme Abstraction Réelle.” Critiques de l'Économie Politique. Nouvelle Série 7–8: 224–61.
Salama, P. 1998. “De la Finance à la Flexibilité en Amérique Latine et en Asie du Nord et du Sud-Est.” Revue Tiers Monde 39 (154): 425–50.
Vernengo, M. 2006. “Technology, Finance, and Dependency: Latin American Radical Political Economy in Retrospect.” Review of Radical Political Economics 38 (4): 551–68.
Wallerstein, I. 2013. “Structural Crisis, or Why Capitalists May no Longer Find Capitalism Rewarding.” In Does Capitalism Have a Future? , edited by I. Wallerstein, R. Collins, M. Mann, G. Derluguian, and C. Calhoun, 9–35. New York: Oxford University Press.
Wilson, H. T. 2002. Capitalism after Postmodernism: Neo-conservatism, Legitimacy and the Theory of Public Capital . Leiden: Brill.

Comments

Comment on this article

[1] Arrighi, G. 1994. The Long Twentieth Century: Money, Power, and the Origins of Our Times . London: Verso.

[2] Bin, D. 2014. “The Class Character of Macroeconomic Policies in Brazil of the Real.” Critical Sociology 40 (3): 431–49.

[3] Bin, D. 2015. “Fiscal Superstructure and the Deepening of Labour Exploitation.” Capital & Class 39 (2): 221–41.

[4] Bowles, S., D. M. Gordon, and T. E. Weisskopf. 1990. After the Waste Land: A Democratic Economics for the Year 2000 . Armonk: M.E. Sharpe.

[5] Boyer, R. 1999. “Estado, Mercado e Desenvolvimento: Uma Nova Síntese para o Século XXI?” Economia e Sociedade 8 (1): 1–20.

[6] Carcanholo, R. A., and P. Nakatani. 2001. “Capital Especulativo Parasitario versus Capital Financiero.” Problemas del Desarrollo 32 (124): 9–31.

[7] Corbridge, S. 1993. Debt and Development . Oxford: Blackwell.

[8] Crouch, C. 2011. The Strange Non-death of Neoliberalism . Cambridge: Polity.

[9] Desai, R. 2013. Geopolitical Economy: After US hegemony, Globalization and Empire . London: Pluto Press.

[10] Desai, R., and A. Freeman. 2011. “Value and Crisis Theory in the ‘Great Recession.’” World Review of Political Economy 2 (1): 35–47.

[11] Deutschmann, C. 1996. “Money as a Social Construction: On the Actuality of Marx and Simmel.” Thesis Eleven 47 (1): 1–19.

[12] Dufour, M., and Ö. Orhangazi. 2007. “International Financial Crises: Scourge or Blessings in Disguise?” Review of Radical Political Economics 39 (3): 342–50.

[13] Duménil, G., and D. Lévy. 2004. Capital Resurgent: Roots of the Neoliberal Revolution . Cambridge, MA: Harvard University Press.

[14] Duménil, G., and D. Lévy. 2011. The Crisis of Neoliberalism . Cambridge, MA: Harvard University Press.

[15] Fine, B. 2001. “The Continuing Imperative of Value Theory.” Capital & Class 25 (3): 41–52.

[16] Foster, J. B., and F. Magdoff. 2009. The Great Financial Crisis: Causes and Consequences . New York: Monthly Review Press.

[17] Frieden, J. A. 1991. “Invested Interests: The Politics of National Economic Policies in a World of Global Finance.” International Organization 45 (4): 425–51.

[18] Frieden, J. A. 2006. Global Capitalism: Its Fall and Rise in the Twentieth Century . New York: W.W. Norton.

[19] Harvey, D. 2005. A Brief History of Neoliberalism . New York: Oxford University Press.

[20] Harvey, D. 2006. Spaces of Global Capitalism: Towards a Theory of Uneven Geographical Development . London: Verso.

[21] Harvey, D. 2010. The Enigma of Capital: And the Crises of Capitalism . New York: Oxford University Press.

[22] Hermann, J. 2002. “A Macroeconomia da Dívida Pública: Notas sobre o Debate Teórico e a Experiência Brasileira Recente.” Cadernos Adenauer 3 (4): 41–70.

[23] Hilferding, R. (1910) 1981. Finance Capital: A Study of the Latest Phase of Capitalist Development . London: Routledge & Kegan Paul.

[24] Ingham, G. 1998. “On the Underdevelopment of the ‘Sociology of Money.’” Acta Sociologica 41 (1): 3–18.

[25] Jessop, B. 2010. “The ‘Return’ of the National State in the Current Crisis of the World Market.” Capital & Class 34 (1): 38–43.

[26] Krippner, G. R. 2005. “The Financialization of the American Economy.” Socio-Economic Review 3 (2): 173–208.

[27] Krippner, G. R. 2011. Capitalizing on Crisis: The Political Origins of the Rise of Finance . Cambridge, MA: Harvard University Press.

[28] Lapavitsas, C., ed. 2012. Financialization in Crisis . Chicago: Haymarket.

[29] Li, M. 2004. “After Neoliberalism: Empire, Social Democracy, or Socialism?” Monthly Review 55 (8): 21–36.

[30] Mandel, E. 1990. “Introduction.” In Capital , vol. 1, edited by K. Marx, 11–86. London: Penguin.

[31] Marx, K. (1890) 1990. Capital , vol. 1. London: Penguin.

[32] Marx, K. (1894) 1991. Capital , vol. 3. London: Penguin.

[33] Morais, L., A. Saad-Filho, and W. Coelho. 1999. “Financial Liberalisation, Currency Instability and Crisis in Brazil: Another Plan Bites the Dust.” Capital & Class 23 (2): 9–14.

[34] Nakatani, P., and R. Herrera. 2007. “The South Has Already Repaid Its External Debt to the North: But the North Denies Its Debt to the South.” Monthly Review 59 (2): 31–36.

[35] Paulani, L. 2008. Brasil Delivery: Servidão Financeira e Estado de Emergência Econômico . São Paulo: Boitempo.

[36] Pochmann, M. 2012. Nova Classe Média? O Trabalho na Base da Pirâmide Social Brasileira . São Paulo: Boitempo.

[37] Potter, B. 2007. “Constricting Contestation, Coalitions, and Purpose: The Causes of Neoliberal Restructuring and Its Failures.” Latin American Perspectives 34 (3): 3–24.

[38] Poulantzas, N. 1973. “On Social Classes.” New Left Review I/78: 27–54.

[39] Poulantzas, N. 1978. Classes in Contemporary Capitalism . London: Verso.

[40] Preda, A. 2007. “The Sociological Approach to Financial Markets.” Journal of Economic Surveys 21 (3): 506–33.

[41] Przeworski, A. 1985. Capitalism and Social Democracy . Cambridge: Cambridge University Press.

[42] Przeworski, A. 1998. “Deliberation and Ideological Domination.” In Deliberative Democracy , edited by J. Elster, 140–60. Cambridge: Cambridge University Press.

[43] Rassel, G. R. 2005. “Public Debt and Stability.” In Handbook of Public Sector Economics , edited by D. Robbins, 323–73. Boca Raton: Taylor & Francis.

[44] Rocha, G. M. 1994. “Redefining the Role of the Bourgeoisie in Dependent Capitalist Development: Privatization and Liberalization in Brazil.” Latin American Perspectives 21 (1): 72–98.

[45] Rocha, G. M. 2002. “Neo-dependency in Brazil.” New Left Review 16: 5–33.

[46] Saad-Filho, A. 2010. “Crisis in Neoliberalism or Crisis of Neoliberalism?” Socialist Register: The Crisis This Time 47: 242–59.

[47] Salama, P. 1978. “Etat et Capital. L'Etat Capitaliste comme Abstraction Réelle.” Critiques de l'Économie Politique. Nouvelle Série 7–8: 224–61.

[48] Salama, P. 1998. “De la Finance à la Flexibilité en Amérique Latine et en Asie du Nord et du Sud-Est.” Revue Tiers Monde 39 (154): 425–50.

[49] Vernengo, M. 2006. “Technology, Finance, and Dependency: Latin American Radical Political Economy in Retrospect.” Review of Radical Political Economics 38 (4): 551–68.

[50] Wallerstein, I. 2013. “Structural Crisis, or Why Capitalists May no Longer Find Capitalism Rewarding.” In Does Capitalism Have a Future? , edited by I. Wallerstein, R. Collins, M. Mann, G. Derluguian, and C. Calhoun, 9–35. New York: Oxford University Press.

[51] Wilson, H. T. 2002. Capitalism after Postmodernism: Neo-conservatism, Legitimacy and the Theory of Public Capital . Leiden: Brill.

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