Brazil

The Lula Government and Financial Globalization

Bibliographic Data

ID3012906
AuthorsAlvaro Bianchi (0000-0001-5201-5923, Universidade Estadual de Campinas (UNICAMP)), R Braga, Raimunda Nonata Fortes Braga (corresponding author)
Year2005
Volume83
Issue4
Pages1745-1762
Publication date2005-06-01
Open AccessNo
TypeARTICLE
VenueSocial Forces (JOURNAL)
Journal identifiersISSN: 0037-7732 • E-ISSN: 1534-7605
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1353/sof.2005.0054
OpenAlexW2056806385
LanguageEN
Citations received22

The electoral victory of Luís Inácio “Lula” da Silva in the presidential elections of 2002 epitomized two decades of social and political transformations in Brazil. Nevertheless, instead of launching an alternative mode of doing politics, the program of the Workers' Party affirmed a state logic with a view to gradually updating the economic structure of Brazilian capitalism by means of successive transitions directed by the state, avoiding the active intervention of the subaltern classes in this process. In this logic are inscribed fiscal discipline, social security reform, and giving value to private pension funds. Such funds established a bridge that makes viable the organic alliance of a union bureaucracy, now the manager of these funds, and globalized financial capital

Bureaucracy · Capital (architecture) · Economic system · Economics · Market economy · Pension · Political economy · Political science · Politics · Presidential system · Private pension · State (computer science) · Subaltern · Unitary state · Economic Theory and Policy · Finance · Housing, Finance, and Neoliberalism · Law · Political Economy and Marxism

Tools

Open DOISci-Hub