Includes bibliographical references (pages 185-200) and index.
Contents:
Foreword; Acknowledgments; Contents; List of Figures ; List of Tables; Chapter 1: Introduction; Twenty-First Century Developmentalism; The Place of Social Policy Within the Social-­Developmentalist Strategy; Featuring Financialization; How Financialization Strikes a Blow to Social Policy in Brazil; The Structure of the Book; Notes; Chapter 2: Social Developmentalism as a Growth Model in Times of Financialization; Brazil 2015: Change of Trajectory; The Boom Years (2003-2014): Making Up for Losses with Some Innovations in the Social Realm; The Credit Market Boom Throughout the 2000s Featuring Financialization in BrazilDevelopmentalisms or "Covenants for Growth"138; Notes; Annex 1; Structural Break Test; Annex 2; Annex 3; Chapter 3: Financial Inclusion in the New Covenant for Growth; Financial Inclusion, Fueling the Emergence of the "New Middle Classes"; The Brazilian Context: Financial Inclusion and Consumption Shaping the "New Middle Class"; Consumer Credit: Spearheading the Financialization of Social Policy; Notes; Annex; Summary of Financial Market Income Tax; Chapter 4: Connections Between the Social Protection System, Taxation, and Financialization The Financing of Social PolicySocial Insurance: The Strengthening of Public Regimes Despite Tax Breaks, the Unbinding of Revenues, and Incentives to the Complementary Fully Funded Regime; Unemployment Insurance: Boosting Workforce Turnover, Given Increased Flexibility on the Job Market; Social Assistance: Safety Nets on Varying Scales and in a Variety of Forms; Healthcare: A Universal Right Threatened by Underfinancing and the Logic of Privatization; The Dream of a College Degree, Now on the Road to Financialization; Wrapping Up; Notes; Annex; Changes to the Legislation of FIES Chapter 5: Lingering Brazilian ParadoxesThe Decline of Developmentalism Under the Aegis of Financialization?; Brazil 2016: Absent Progressive Reforms, a Political Sea Change Inaugurates Deeper and More Sweeping Neoliberal Policy Reforms; Notes; References; Index
Summary:
This book critically addresses the model of social inclusion that prevailed in Brazil under the rule of the Workers Party from the early 2000s until 2015. It examines how the emergence of a mass consumer society proved insufficient, not only to overcome underdevelopment, but also to consolidate the comprehensive social protection system inherited from Brazil's 1988 Constitution. By juxtaposing different theoretical frameworks, this book scrutinizes how the current finance-dominated capitalism has reshaped the role of social policy, away from rights-based decommodified benefits and towards further commodification. This constitutes the Brazilian paradox: how a center-left government has promoted and boosted financialization through a market incorporation strategy using credit as a lever for expanding financial inclusion. In so doing, it has pushed the subjection of social policy further into the logic of financial markets.
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