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Growth and Change in Neoliberal Capitalism
Essays on the Political Economy of Late Development
Series: - Studies in Critical Social Sciences, Volume: 174
Author:
Growth and Change in Neoliberal Capitalism brings together selected essays written by Alfredo Saad-Filho, one of the most prominent Marxist political economists today. This book offers a rich analysis of long-term economic development in the current stage of capitalism, the new relations of dependence between countries, the prospects for poor countries, and the progressive alternatives to neoliberalism. The volume also provides a detailed set of studies of the political economy of Brazil, tracking its achievements, tragedies, contradictions and limitations.
Alfredo Saad-Filho is a Professor at King’s College London. He is the author of
Value and Crisis (Brill, 2019) and co-author of
Brazil: Neoliberalism versus Democracy (Pluto, 2017) and
Marx’s Capital (Pluto, 2016), and numerous works on Marxist political economy, neoliberalism, democracy, and alternative economic policies.
Acknowledgements
List of Tables and Figures
Introduction
1Political Economy and Development
2The Political Economy of Brazil
1 Moving beyond the Washington Consensus: pro-poor Macroeconomic Policies
1Introduction
2Policy Principles and Constraints
3Pro-poor Macroeconomic Policy Instruments
4Conclusion
2 Addressing Growth, Poverty and Inequality: from the Washington Consensus to Inclusive Growth
1Introduction
2Early Poverty Debates
3The Washington Consensus
4The Post-Washington Consensus
5The Pro-poor Policy Debates
6Policy Shift at the World Bank?
7Inclusive Growth and Its Limitations
8Conclusion
3 The ‘Rise of the South’ and the Troubles of Global Convergence
1Long-term Patterns of Growth
2Development in the Age of Neoliberalism
3Convergence after the Crisis
4Drivers of Convergence
5Decoupling at Last?
6Conclusion
4 Resource Curses, Diseases and Other Confusions
1Introduction
2Curses and Diseases
3Analytics of the Dutch Disease
4Economic Policy beyond Diseases and Curses
5Conclusion
5 The Rise and Fall of Structuralism and Dependency Theory
1Latin American
ISI
2Structuralism
3Critiques of Structuralism
4Dependency Theory
5Critiques of Dependency Theory
6Conclusion
6 The Political Economy of Neoliberalism in Latin America
1
ISI
and Its Limits
2The Neoliberal Transition
3The Impact of Neoliberalism
4Conclusion
7 The Seeds of Disaster: socialism, Agrarian Transition and Civil War in Mozambique
1Introduction
2Independence, Crisis, and the Collectivisation of Agriculture
3Modernist Marxism and the Mozambican Revolution
4Peasant Resistance
5Conclusion: Peasant Resistance and the Collapse of Collective Agriculture
8 The Costs of Neomonetarism and the Brazilian Economy in the 1990s
1Introduction
2Neomonetarist Perspectives
3Neomonetarism in Brazil
4Growth and Crisis
5Industrial Restructuring
6Fiscal and Financial Crisis
7Currency Crisis
8Conclusion
9 Inflation and Stabilisation in Brazil
1Conflict, Money and Inflation
2Inflation and Monetary Crisis in Brazil
3The Real Plan
4Vulnerability of the Real
5Conclusion
10 Neoliberalism in Lula’s Brazil: strategic Choice, Economic Inevitability or Schizophrenia?
1Introduction
2The Losers’ Alliance
3Lula’s Neoliberal Shift
4The Economic Stranglehold of Neoliberalism
5‘Left Neoliberal’ Economic Policy
6Policy Schizophrenia
7The 2004 Local Elections
8Conclusion
11 Neodevelopmentalism and Economic Policy-making under Dilma Rousseff
1Introduction
2The Emergence of Neodevelopmentalism
3Implementing Neodevelopmentalist Policies
4The Impact of Neodevelopmentalism
5Conclusion
12 Mass Protests in Brazil: the Events of June-July 2013
1Introduction
2The Events of June-July
3Sobering Lessons
4Conclusion
13 Development Strategies and Social Change in Brazil
1Introduction
2From Import-substitution to Neoliberalism
3The Bourgeoisie
4The Working Class
5The Informal Proletariat
6The Middle Class
7The Lumpenisation of Politics and the Facebookisation of Protest
8Conclusion
14 Social Policy for Neoliberalism:t he Bolsa Família Programme
1Introduction
2Poverty, Inequality and Social Policy in Brazil
3Social Policy under Neoliberalism: the Irresistible Rise of Bolsa Família
4Limitations of
PBF
5Gains beyond Social Policy
6Moving Forward
7Conclusion
15 The Travails of the PT and Rise of the ‘New-Right’ in Brazil
1Lula
I
2Lula
II
3Dilma Rousseff
I
4Dilma Rousseff
II
5The Brazilian ‘New Right’ and Its Limitations
6Conclusion
16 State and Power in Brazil
1The Power Bloc
2Political Forces
3The Political Regime
4Contradictions in the State Bureaucracy
5Conclusion
17 Brazilian Democracy Confronts Authoritarian Neoliberalism
1Introduction
2Global Shifts
3Cycles of the Left
4Authoritarian Neoliberalism in Practice
5Conclusion
18 Varieties of Neoliberalism in Brazil, 2003–2020
1Introduction
2From Modes of Production to Systems of Accumulation
3The Main SoAs in Brazil
4The Case of Neoliberalism
5The Neodevelopmentalist Alternative
6Neoliberalism in Brazil
7Conclusion
References
Index
List of Tables and Figures
Introduction
1Political Economy and Development
2The Political Economy of Brazil
Part 1:
1 Moving beyond the Washington Consensus: pro-poor Macroeconomic Policies
1Introduction
2Policy Principles and Constraints
3Pro-poor Macroeconomic Policy Instruments
4Conclusion
2 Addressing Growth, Poverty and Inequality: from the Washington Consensus to Inclusive Growth
1Introduction
2Early Poverty Debates
3The Washington Consensus
4The Post-Washington Consensus
5The Pro-poor Policy Debates
6Policy Shift at the World Bank?
7Inclusive Growth and Its Limitations
8Conclusion
3 The ‘Rise of the South’ and the Troubles of Global Convergence
1Long-term Patterns of Growth
2Development in the Age of Neoliberalism
3Convergence after the Crisis
4Drivers of Convergence
5Decoupling at Last?
6Conclusion
4 Resource Curses, Diseases and Other Confusions
1Introduction
2Curses and Diseases
3Analytics of the Dutch Disease
4Economic Policy beyond Diseases and Curses
5Conclusion
5 The Rise and Fall of Structuralism and Dependency Theory
1Latin American
2Structuralism
3Critiques of Structuralism
4Dependency Theory
5Critiques of Dependency Theory
6Conclusion
6 The Political Economy of Neoliberalism in Latin America
1
2The Neoliberal Transition
3The Impact of Neoliberalism
4Conclusion
7 The Seeds of Disaster: socialism, Agrarian Transition and Civil War in Mozambique
1Introduction
2Independence, Crisis, and the Collectivisation of Agriculture
3Modernist Marxism and the Mozambican Revolution
4Peasant Resistance
5Conclusion: Peasant Resistance and the Collapse of Collective Agriculture
Part 2:
8 The Costs of Neomonetarism and the Brazilian Economy in the 1990s
1Introduction
2Neomonetarist Perspectives
3Neomonetarism in Brazil
4Growth and Crisis
5Industrial Restructuring
6Fiscal and Financial Crisis
7Currency Crisis
8Conclusion
9 Inflation and Stabilisation in Brazil
1Conflict, Money and Inflation
2Inflation and Monetary Crisis in Brazil
3The Real Plan
4Vulnerability of the Real
5Conclusion
10 Neoliberalism in Lula’s Brazil: strategic Choice, Economic Inevitability or Schizophrenia?
1Introduction
2The Losers’ Alliance
3Lula’s Neoliberal Shift
4The Economic Stranglehold of Neoliberalism
5‘Left Neoliberal’ Economic Policy
6Policy Schizophrenia
7The 2004 Local Elections
8Conclusion
11 Neodevelopmentalism and Economic Policy-making under Dilma Rousseff
1Introduction
2The Emergence of Neodevelopmentalism
3Implementing Neodevelopmentalist Policies
4The Impact of Neodevelopmentalism
5Conclusion
12 Mass Protests in Brazil: the Events of June-July 2013
1Introduction
2The Events of June-July
3Sobering Lessons
4Conclusion
13 Development Strategies and Social Change in Brazil
1Introduction
2From Import-substitution to Neoliberalism
3The Bourgeoisie
4The Working Class
5The Informal Proletariat
6The Middle Class
7The Lumpenisation of Politics and the Facebookisation of Protest
8Conclusion
14 Social Policy for Neoliberalism:t he Bolsa Família Programme
1Introduction
2Poverty, Inequality and Social Policy in Brazil
3Social Policy under Neoliberalism: the Irresistible Rise of Bolsa Família
4Limitations of
5Gains beyond Social Policy
6Moving Forward
7Conclusion
15 The Travails of the PT and Rise of the ‘New-Right’ in Brazil
1Lula
2Lula
3Dilma Rousseff
4Dilma Rousseff
5The Brazilian ‘New Right’ and Its Limitations
6Conclusion
16 State and Power in Brazil
1The Power Bloc
2Political Forces
3The Political Regime
4Contradictions in the State Bureaucracy
5Conclusion
17 Brazilian Democracy Confronts Authoritarian Neoliberalism
1Introduction
2Global Shifts
3Cycles of the Left
4Authoritarian Neoliberalism in Practice
5Conclusion
18 Varieties of Neoliberalism in Brazil, 2003–2020
1Introduction
2From Modes of Production to Systems of Accumulation
3The Main SoAs in Brazil
4The Case of Neoliberalism
5The Neodevelopmentalist Alternative
6Neoliberalism in Brazil
7Conclusion
References
Index
Academics and researchers working on political economy of development and on Brazil, students of political economy and development, and anyone seeking a firm grounding on the critique of neoliberalism.