Growth and Change in Neoliberal Capitalism

Alfredo Saad-Filho is a Professor at King’s College London. He is the author of Value and Crisis (Brill, 2019) and co-author of Brazil: Neoliberalism versus Democracy (Pluto, 2017) and Marx’s Capital (Pluto, 2016), and numerous works on Marxist political economy, neoliberalism, democracy, and alternative economic policies.

• AcknowledgementsList of Tables and FiguresIntroduction1Political Economy and Development2The Political Economy of BrazilPart 1:1Moving beyond the Washington Consensus: pro-poor Macroeconomic Policies1Introduction2Policy Principles and Constraints3Pro-poor Macroeconomic Policy Instruments4Conclusion2Addressing Growth, Poverty and Inequality: from the Washington Consensus to Inclusive Growth1Introduction2Early Poverty Debates3The Washington Consensus4The Post-Washington Consensus5The Pro-poor Policy Debates6Policy Shift at the World Bank?7Inclusive Growth and Its Limitations8Conclusion3The ‘Rise of the South’ and the Troubles of Global Convergence1Long-term Patterns of Growth2Development in the Age of Neoliberalism3Convergence after the Crisis4Drivers of Convergence5Decoupling at Last?6Conclusion4Resource Curses, Diseases and Other Confusions1Introduction2Curses and Diseases3Analytics of the Dutch Disease4Economic Policy beyond Diseases and Curses5Conclusion5The Rise and Fall of Structuralism and Dependency Theory1Latin American ISI2Structuralism 3Critiques of Structuralism4Dependency Theory5Critiques of Dependency Theory6Conclusion6The Political Economy of Neoliberalism in Latin America1ISI and Its Limits2The Neoliberal Transition3The Impact of Neoliberalism4Conclusion7The Seeds of Disaster: socialism, Agrarian Transition and Civil War in Mozambique1Introduction2Independence, Crisis, and the Collectivisation of Agriculture3Modernist Marxism and the Mozambican Revolution4Peasant Resistance5Conclusion: Peasant Resistance and the Collapse of Collective AgriculturePart 2:8The Costs of Neomonetarism and the Brazilian Economy in the 1990s1Introduction2Neomonetarist Perspectives3Neomonetarism in Brazil4Growth and Crisis5Industrial Restructuring6Fiscal and Financial Crisis7Currency Crisis8Conclusion9Inflation and Stabilisation in Brazil1Conflict, Money and Inflation2Inflation and Monetary Crisis in Brazil3The Real Plan4Vulnerability of the Real5Conclusion10Neoliberalism in Lula’s Brazil: strategic Choice, Economic Inevitability or Schizophrenia?1Introduction2The Losers’ Alliance3Lula’s Neoliberal Shift4The Economic Stranglehold of Neoliberalism5‘Left Neoliberal’ Economic Policy6Policy Schizophrenia7The 2004 Local Elections8Conclusion11Neodevelopmentalism and Economic Policy-making under Dilma Rousseff1Introduction2The Emergence of Neodevelopmentalism3Implementing Neodevelopmentalist Policies4The Impact of Neodevelopmentalism5Conclusion12Mass Protests in Brazil: the Events of June-July 20131Introduction2The Events of June-July3Sobering Lessons4Conclusion13Development Strategies and Social Change in Brazil1Introduction2From Import-substitution to Neoliberalism3The Bourgeoisie4The Working Class5The Informal Proletariat6The Middle Class7The Lumpenisation of Politics and the Facebookisation of Protest8Conclusion14Social Policy for Neoliberalism:the Bolsa Família Programme1Introduction2Poverty, Inequality and Social Policy in Brazil3Social Policy under Neoliberalism: the Irresistible Rise of Bolsa Família4Limitations of PBF5Gains beyond Social Policy6Moving Forward7Conclusion15The Travails of the PT and Rise of the ‘New-Right’ in Brazil1Lula I2Lula II3Dilma Rousseff I4Dilma Rousseff II5The Brazilian ‘New Right’ and Its Limitations6Conclusion16State and Power in Brazil1The Power Bloc2Political Forces3The Political Regime4Contradictions in the State Bureaucracy5Conclusion17Brazilian Democracy Confronts Authoritarian Neoliberalism1Introduction2Global Shifts3Cycles of the Left4Authoritarian Neoliberalism in Practice5Conclusion18Varieties of Neoliberalism in Brazil, 2003–20201Introduction2From Modes of Production to Systems of Accumulation3The Main SoAs in Brazil4The Case of Neoliberalism5The Neodevelopmentalist Alternative6Neoliberalism in Brazil7ConclusionReferencesIndex