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About this product
Product Identifiers
PublisherHaymarket Books
ISBN-101642593613
ISBN-139781642593617
eBay Product ID (ePID)26038387938
Product Key Features
Book TitlePolitics of Public Debt : Financialization, Class, and Democracy in Neoliberal Brazil
Number of Pages210 Pages
LanguageEnglish
TopicEconomic History, Public Finance, Development / Economic Development, Latin America / South America
Publication Year2020
IllustratorYes
GenreBusiness & Economics, History
AuthorDaniel Bin
Book SeriesStudies in Critical Social Sciences Ser.
FormatTrade Paperback
Dimensions
Item Height0.5 in
Item Weight11.3 Oz
Item Length9 in
Item Width6 in
Additional Product Features
Intended AudienceTrade
Dewey Edition23
TitleLeadingThe
Dewey Decimal336.340981
Table Of ContentAcknowledgements ix Preface x List of Figures xii Introduction 1The Politics of Financialization 1 Crisis of Accumulation and Reaction of Finance 2 Financial Expansion of the Brazilian Economy 3 Fictitious Capital as a Concrete Social Relation 2Capitalist State and Financial Hegemony 1 Capitalist Economy and Capitalist State 2 Financial Hegemony in the State Apparatus 3 The Class Character of Macroeconomic Policy 3Fiscal Superstructure, Expropriation, and Exploitation 1 The Financialization of Class Exploitation 2 Exploitation beyond Labor Exchange 3 Public Debt, Taxation, and Redistribution of Surpluses 4 Public Debt and the Rise in the Rate of Exploitation 5 State Spending and Appropriation of Income 4Macroeconomic Policy and Economic Democracy 1 Capitalism or Democracy 2 Depoliticization of Economic Policy 3 Selective Bureaucratic Insulation 4 Monetary Expectations and Inducements 5 The Talking Shop of Macroeconomic Policy 6 Economic Democracy and Democratic Socialism Conclusion Afterword: The 2016 Coup d 'état Bibliography Index
SynopsisIn 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., This ground-breaking study analyzes the underlying economic realities in Brazil that led to the 2016 coup ousting the Worker 's Party