Growth and Change in Neoliberal Capitalism

Essays on the Political Economy of Late Development


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.

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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.
List of Tables and Figures
 1Political Economy and Development
 2The Political Economy of Brazil

Part 1:

1Moving beyond the Washington Consensus: pro-poor Macroeconomic Policies
 2Policy Principles and Constraints
 3Pro-poor Macroeconomic Policy Instruments
2Addressing Growth, Poverty and Inequality: from the Washington Consensus to Inclusive Growth
 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
3The ‘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?
4Resource Curses, Diseases and Other Confusions
 2Curses and Diseases
 3Analytics of the Dutch Disease
 4Economic Policy beyond Diseases and Curses
5The Rise and Fall of Structuralism and Dependency Theory
 1Latin American ISI
 3Critiques of Structuralism
 4Dependency Theory
 5Critiques of Dependency Theory
6The Political Economy of Neoliberalism in Latin America
 1 ISI and Its Limits
 2The Neoliberal Transition
 3The Impact of Neoliberalism
7The Seeds of Disaster: socialism, Agrarian Transition and Civil War in Mozambique
 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:

8The Costs of Neomonetarism and the Brazilian Economy in the 1990s
 2Neomonetarist Perspectives
 3Neomonetarism in Brazil
 4Growth and Crisis
 5Industrial Restructuring
 6Fiscal and Financial Crisis
 7Currency Crisis
9Inflation and Stabilisation in Brazil
 1Conflict, Money and Inflation
 2Inflation and Monetary Crisis in Brazil
 3The Real Plan
 4Vulnerability of the Real
10Neoliberalism in Lula’s Brazil: strategic Choice, Economic Inevitability or Schizophrenia?
 2The Losers’ Alliance
 3Lula’s Neoliberal Shift
 4The Economic Stranglehold of Neoliberalism
 5‘Left Neoliberal’ Economic Policy
 6Policy Schizophrenia
 7The 2004 Local Elections
11Neodevelopmentalism and Economic Policy-making under Dilma Rousseff
 2The Emergence of Neodevelopmentalism
 3Implementing Neodevelopmentalist Policies
 4The Impact of Neodevelopmentalism
12Mass Protests in Brazil: the Events of June-July 2013
 2The Events of June-July
 3Sobering Lessons
13Development Strategies and Social Change in Brazil
 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
14Social Policy for Neoliberalism:the Bolsa Família Programme
 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
15The 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
16State and Power in Brazil
 1The Power Bloc
 2Political Forces
 3The Political Regime
 4Contradictions in the State Bureaucracy
17Brazilian Democracy Confronts Authoritarian Neoliberalism
 2Global Shifts
 3Cycles of the Left
 4Authoritarian Neoliberalism in Practice
18Varieties of Neoliberalism in Brazil, 2003–2020
 2From Modes of Production to Systems of Accumulation
 3The Main SoAs in Brazil
 4The Case of Neoliberalism
 5The Neodevelopmentalist Alternative
 6Neoliberalism in Brazil
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.