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The Takeover of Social Policy by Financialization: The Brazilian Paradox

Autor Lena Lavinas
en Limba Engleză Hardback – 26 mar 2017
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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Specificații

ISBN-13: 9781137491060
ISBN-10: 113749106X
Pagini: 193
Ilustrații: XXI, 219 p. 21 illus., 2 illus. in color.
Dimensiuni: 148 x 210 x 14 mm
Greutate: 0.44 kg
Ediția:1st ed. 2017
Editura: Palgrave Macmillan US
Colecția Palgrave Macmillan
Locul publicării:New York, United States

Cuprins

1. Introduction.- 2. Social Developmentalism as a Growth Model in Times of Financialization.- 3. Financial Inclusion in the New Covenant for Growth.- 4. Connections between the Social Protection System, Taxation, and Financialization.- 5. Lingering Brazilian Paradoxes.


Notă biografică

Lena Lavinas is Professor of Welfare Economics at the Institute of Economics at the Federal University of Rio de Janeiro, Brazil, and Senior Researcher at the Brazilian National Research Council (CNPQ). Her most recent appointment was as a fellow (2016-2017) at the Wissenschaftskolleg (Institute for Advanced Study) in Berlin. 


Textul de pe ultima copertă

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.



Caracteristici

Explores how the synergy between social and economic policy in Brazil made through financialization Refutes the post-neoliberal reading of Brazilian economic development Sheds light on the recent ongoing shift towards a mass consumption society in Brazil Examines how financialization is reshaping the social protection system away from universalism