Politics of Public Debt

Daniel Bin is an associate professor at the University of Brasilia. He was a visiting scholar at Yale University and at the University of Wisconsin-Madison. Bin has published on economic policies and their implications for labor and class relations, and more recently on dispossessions of means of subsistence and production.

• Acknowledgements ixPreface xList of Figures xiiIntroduction1The Politics of Financialization1Crisis of Accumulation and Reaction of Finance2Financial Expansion of the Brazilian Economy3Fictitious Capital as a Concrete Social Relation2Capitalist State and Financial Hegemony1Capitalist Economy and Capitalist State2Financial Hegemony in the State Apparatus3The Class Character of Macroeconomic Policy3Fiscal Superstructure, Expropriation, and Exploitation1The Financialization of Class Exploitation2Exploitation beyond Labor Exchange3Public Debt, Taxation, and Redistribution of Surpluses4Public Debt and the Rise in the Rate of Exploitation5State Spending and Appropriation of Income4Macroeconomic Policy and Economic Democracy1Capitalism or Democracy2Depoliticization of Economic Policy3Selective Bureaucratic Insulation4Monetary Expectations and Inducements5The Talking Shop of Macroeconomic Policy6Economic Democracy and Democratic SocialismConclusionAfterword: The 2016 Coup d 'étatBibliographyIndex