Phases of capitalism - from mercantilism to neoliberalism

  • autor: Luiz Carlos Bresser-Pereira

2023. Chapter of "Rise and Fall of Neoliberal Rentier Capitalism", written in 2020.

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Neoliberalism collapsed. Conservative developmentalism in on the way

  • autor: Luiz Carlos Bresser-Pereira

2023. Neoliberalism has collapsed in the rich world. The State is back. In Brazil, however, neoliberalism is still dominant (Essay, in Global Policy).

After capitalism, democratic managerialism

2021. Rentier capistalists don't command capital accumulation and innovation. Managers do that. Neoliberal capitalism is changing into a managerial capitalism, while democracy is checking the threat represented by right-wing populism.  RAE - Revista de Administração de Empresas, 61 (3), 2021: 1-11 Portuguese version available

Depois do capitalismo, o gerencialismo democrático

2021. Rentier capistalists ceased to command accumulation of capital and innovation. Managers do that. Neoliberal capitalism is changing into a managerial capitalism in which technobureaucrats assumed this role, while democracy is checking the threat represented by right-wing populism.  RAE - Revista de Administração de Empresas, 61 (3), 2021: 1-11. English version available

Phases of capitalist development

2021. The Industrial Revolution made capital the dominant production relation in entrepreneurs' capitalism; the Second Industrial Revolution and the associated organizational revolution promoted the shift from the strategic factor of production of capital to technical and administrative knowledge and made the emergence of the managerial class a definitive historical phenomenon. (Chapter of book being written)

Liberal US, developmental China

2021. Around 1980 China made the right choice of economic policy regime (developmentalism) and the US, the wrong choice. This is one of the reasons for the US losing gradually hegemony to China. (Chapter of a book being written)

A receita Bresser-Pereira para o Brasil

2020. O pobre do Guedes e seu neoliberalismo não vão levar o Brasil a grande coisa. Ninguém tem confiança na economia brasileira e neste governo. (entrevista em O Estado de S.Paulo).

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O desafio brasileiro - A crise do neoliberalismo e a alternativa novo-desenvolvimentista

2020. Brazil faces four crises (political, economic, moral and sanitary) in the framework of the world crisis of neoliberal capitalism and the rise of rightwing populism. (A Terra é Redonda)

Um estranho casamento: neoliberalismo e nacionalismo de direita

2019. Neoliberalism and the right-wing populist response in the rich countries and in Brasil. (Essay in A Terra é Redonda

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Neoliberalismo e nacionalismo de direita: rumos divergentes no mundo rico e no Brasil

2019. Diálogos Luso-Brasileiros, ciclo de conferências realizados pelo Instituto Superior de Economia e Gestão (ISEG) da Universidade de Lisboa, 4 de novembro de 2019.

Neoliberalismo e nacionalismo de direita: rumos divergentes

2019. Palestra em Diálogos Luso-Brasileiros, Lisboa (Apresentação de slides)

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Para além do capitalismo neoliberal: as alternativas políticas

2019. Com Cícero Araújo. The neoliberal project failed. Is the alternative project - a developmental project - to succeed in the framework of globalization? (Paper: Dados)

What institutions make capitalism unjust?

2019. A society is just when economic and political inequality is reasonably low. Institutions that assure civil and political rights are able to eliminate legal privileges by making everybody equal before the law, but they are less effective in reducing economic inequality, which is embedded in the structure of society.

Republicanos nunca mais?

2019. Survey of book by Yascha Mounk. Liberal democracy is in crisis. It could not be otherwise because neoliberals see it as the ideal form of society. (Article in Quatro Cinco Um-Revista dos Livros)

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Capitalismo financeiro-rentista

2018. Rentiers, the inheritors of the entrepreneurs, and financiers, a special type of technobureaucrats, are the fuling classes in contemporary capitalism; neoliberalism is their ideology. The financiers manage the wealth of the idle rentiers and act as organic intellectuals of this very narrow class coalition. (Revista de Estudos Avançados,USP)

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Rentier-financier capitalism

  • autor: Luiz Carlos Bresser-Pereira

2018. Rentiers, the inheritors of the entrepreneurs, and financiers, a special type of technobureaucrats, are the fuling classes in contemporary capitalism; neoliberalism is their ideology. The financiers manage the wealth of the idle rentiers and act as organic intellectuals of this very narrow class coalition. (Discussion Paper)

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The two forms of capitalism: developmentalism and economic liberalism

2017. Capitalism and the state are either developmental, or liberal. Developmentalism and economic liberalism are two forms of coordinating capitalism. Capitalism was born developmental anywhere, in England or in the US, in Germany or in Brazil, in Japan or in China. (paper: Brazilian Journal of Political Economy)

Afinal, a estagnação secular do capitalismo?

2018. Survey of the recent debate on the secular stagnation of capitalism, in special, Robert J. Gordon, The Rise and Fall of American Growth. Princeton: Princeton University Press, 2016.

After the demise of neoliberalism, a third developmental capitalism?

  • autor: Luiz Carlos Bresser-Pereira

2017. The first developmentalism was mercantilism, the second, Fordism, which was a progressive class coalition. After the 2008 Crisis neoliberalism turned demoralized, state intervention increased, and a third developmentalism is looming, but it will be a conservative capitalism due to the competition of China and other developing countries.

Secular stagnation in the framework of rentier-financier capitalism and globalization

2017. Rentier-financier capitalism is in economic crisis since 2008 and in political crisis since 2016. The secular stagnation issue was brought again to the fore, in so far as capitalism turned again liberal (instead of developmental) since 1980. But it is more likely that rich countries will face low growth, financial instability, and increasing inequality, unless they are able to criticize economic liberalism. (Paper for Berlin conference)