The Takeover of Social Policy by Financialization The Brazilian Para
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 u
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LENA LAVINAS
The Takeover of Social Policy by Financialization
Lena Lavinas
The Takeover of Social Policy by Financialization The Brazilian Paradox
Lena Lavinas Federal University of Rio de Janeiro Rio de Janeiro, Brazil
ISBN 978-1-137-49106-0 ISBN 978-1-137-49107-7 (eBook) DOI 10.1057/978-1-137-49107-7 Library of Congress Control Number: 2017932102 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover Illustration: © Artokoloro Quint Lox Limited / Alamy Stock Photo Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Nature America Inc. The registered company address is: 1 New York Plaza, New York, NY 10004, U.S.A.
In memoriam de Ondina e Morais, que me mostraram o rumo. Para Joana e Manuela, que me mantêm no prumo. In memory of Ondina and Morais, who showed me the way. To Joana and Manuela, who keep me on track.
Foreword
The Takeover of Social Policy by Financialization explores three closely related issues, at distinct levels of analysis: first, neoliberalism and financialisation, both as defining features of contemporary capitalism and as drivers of social reproduction; second, financialisation in Brazil, focusing on the macroeconomic and financial policies implemented by the federal administrations led by the Workers’ Party (PT, in power between 2003 and 2016); third, the unique, and uniquely significant, role of social policy in Brazilian financialisation. In doing this, The Takeover of Social Policy by Financialization offers a searing indictment of the ‘social-’ or ‘neo-’ developmentalist model associated with Presidents Luís Inácio Lula da Silva and Dilma Rousseff. Neoliberalism is the current phase of global capitalism, and financialisation is the economic core of neoliberalism. In country after
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