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The Politics of Public Debt Daniel Bin

The Politics of Public Debt By Daniel Bin

The Politics of Public Debt by Daniel Bin


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Summary

This ground-breaking study analyzes the underlying economic realities in Brazil that led to the 2016 coup ousting the Worker 's Party

The Politics of Public Debt Summary

The Politics of Public Debt: Financialization, Class, and Democracy in Neoliberal Brazil by Daniel Bin

In 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.

About Daniel Bin

Daniel Bin is an associate professor at the University of Brasilia. He was a visiting scholar at Yale University and at the University of Wisconsin-Madison. Bin has published on economic policies and their implications for labor and class relations, and more recently on dispossessions of means of subsistence and production.

Table of Contents

Acknowledgements 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 'etat

Bibliography
Index

Additional information

NLS9781642593617
9781642593617
1642593613
The Politics of Public Debt: Financialization, Class, and Democracy in Neoliberal Brazil by Daniel Bin
New
Paperback
Haymarket Books
2020-12-17
210
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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