This ground-breaking study analyzes the underlying economic realities in Brazil that led to the 2016 coup ousting the Worker 's Party

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 ix
Preface x
List of Figures xii

Introduction

1The Politics of Financialization
1
Crisis of Accumulation and Reaction of Finance
2
Financial Expansion of the Brazilian Economy
3
Fictitious Capital as a Concrete Social Relation

2Capitalist State and Financial Hegemony
1
Capitalist Economy and Capitalist State
2
Financial Hegemony in the State Apparatus
3
The Class Character of Macroeconomic Policy

3Fiscal Superstructure, Expropriation, and Exploitation
1
The Financialization of Class Exploitation
2
Exploitation beyond Labor Exchange
3
Public Debt, Taxation, and Redistribution of Surpluses
4
Public Debt and the Rise in the Rate of Exploitation
5
State Spending and Appropriation of Income

4Macroeconomic Policy and Economic Democracy
1
Capitalism or Democracy
2
Depoliticization of Economic Policy
3
Selective Bureaucratic Insulation
4
Monetary Expectations and Inducements
5
The Talking Shop of Macroeconomic Policy
6
Economic Democracy and Democratic Socialism

Conclusion
Afterword: The 2016 Coup d 'état

Bibliography
Index