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Books > Reference & Interdisciplinary > Interdisciplinary studies > Globalization
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The Politics of Public Debt - Financialization, Class, and Democracy in Neoliberal Brazil (Paperback)
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The Politics of Public Debt - Financialization, Class, and Democracy in Neoliberal Brazil (Paperback)
Series: Studies in Critical Social Sciences
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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.
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