ENGLISH

The Takeover of Social Policy by Financialization: The Brazilian Paradox

By Lena Lavinas (auth.)

Book information

Publisher
Palgrave Macmillan US
Year
2017
ISBN
978-1-137-49106-0, 978-1-137-49107-7
DOI
10.1057/978-1-137-49107-7
Language
english
Format
PDF
Filesize
3 MB (2878878 bytes)
Edition
1
Pages
XXI, 219\233
Time added
2017-06-25 01:07:36
Public Finance;Latin American and Caribbean Econom

Description

This book critically addresses the model of social inclusion that prevailed in Brazil under the rule of the Workers Party from the early 2000s until 2015. It examines how the emergence of a mass consumer society proved insufficient, not only to overcome underdevelopment, but also to consolidate the comprehensive social protection system inherited from Brazil’s 1988 Constitution. By juxtaposing different theoretical frameworks, this book scrutinizes how the current finance-dominated capitalism has reshaped the role of social policy, away from rights-based decommodified benefits and towards further commodification. This constitutes the Brazilian paradox: how a center-left government has promoted and boosted financialization through a market incorporation strategy using credit as a lever for expanding financial inclusion. In so doing, it has pushed the subjection of social policy further into the logic of financial markets.

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