The Rise and Fall of Neoliberal Rentier Capitalism is an account of the political economy of capitalism in the 20th and 21st centuries. Capitalism is an unjust form of economic organisation; it is a culture of exacerbated individualism justified by the glorification of individual competition. Today, after 40 years of neoliberalism, capitalism faces again a legitimation crisis.
The book discusses capitalism after two revolutions - the Organisational Revolution and the Democratic Revolution. It views capitalism since the New Deal in the US and the post-war as a progressive and developmental era and the Neoliberal Turn as the change from social democracy to radical and regressive global neoliberalism, which was a regressive time for almost forty years. In the Neoliberal Years, rentiers replaced entrepreneurs in the command of the economy and called on the financiers to manage their wealth and serve as organic intellectuals, and both mounted an attack to the state, which is the main capitalist institution.
The global crisis and, in 2020, the Covid pandemic showed that the state remains the nations' resource of last instance. The transition of China from statism to an active developmentalism resulted in an extraordinary growth. Given such realities, in 2021 we saw the collapse of neoliberalism, and in the United States, a Developmental Turn - the state is back in the economy.
The transition phase we live in is characterised by three main forces - economic liberalism, managerialism, and democracy. Economic liberalism is the great defeated, managerialism became powerful and is developmental, and democracy is the stronger force. It was attacked by neoliberalism and is now being attacked by right-wing populism, but resisted and resists brilliantly, proving that it was a conquest of the popular classes that became a universal value counting on the support of all social classes.
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The Rise and Fall of Neoliberal Rentier Capitalism is an account of the political economy of capitalism in the 20th and 21st centuries.
Part I: Forms, Phases, Models
1: Human progress and the republican state
2: The Capitalist Revolution
3: Two forms and four phases
4: The developmental state
5: Imperialism and the developing world
Part II: Two Founding Revolutions
6: The Democratic Revolution
7: Organizational Revolution
8: The managerial ideology
9: The Golden Age and the 1970s crisis
10: The end of statism in Russia and China
Part III: The neoliberal regression
11: The Neoliberal Turn
12: Globalization: reality and design
13: Rentiers and financiers
14: Neoliberal ideology: reactionary and neoconservative (Google)
15: Neoclassical Economics and its critiques
16: Financialisation
Part IV: The crisis
17: The 2008 Great Financial Crisis
18: Collapse of neoliberalism and secular stagnation
19: Falling inequality?
20: The developing world
21: China, the US, and developmentalism
Part V: What lies ahead for capitalism?
22: Democracy is alive
23: Neoliberalism collapsed
24: Democratic Managerial Capitalism
25: No emancipatory transition
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Luiz Carlos Bresser-Pereira is Emeritus Professor of Getúlio Vargas Foundation, editor of the Brazilian Journal of Political Economy and founding member of the Arns Commission for the Defence of Human Rights. He was finance minister (1987) and minister of federal administration of Brazil (1995-98). He holds an MBA from Michigan State University, a law degree, and a PhD in economics from the University of São Paulo.
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Provides a centre to the left innovative analysis of capitalism
Gives great relevance to the class coalitions that define the phases of capitalist development
Highly original in the analysis of rentier capitalists, which became dominant in the Neoliberal Years
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Produktdetaljer
ISBN
9780198898146
Publisert
2025
Utgiver
Vendor
Oxford University Press
Vekt
850 gr
Høyde
240 mm
Bredde
160 mm
Dybde
28 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
496
Forfatter