The Brazilian deindustrialization: financialization is not guilty

The Brazilian deindustrialization: financialization is not guilty

The financialization of the Brazilian economy is often criticized as being responsible of the slowdown of capital accumulation in this country. Indeed, very high interest rates are maintained in order to finance the public debt, and this fosters capitalists to get more Treasury bonds rather than to invest in the productive area. Nevertheless, the evolution of the profit rate in this area also explains the particular relation existing between capitalists, finance and productive investment, as Marx showed it more than a century ago.

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Main Author: GAULARD,MYLÈNE
Format: Digital revista
Language:English
Published: Centro de Economia Política 2015
Online Access:http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572015000200227
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spelling oai:scielo:S0101-315720150002002272015-06-23The Brazilian deindustrialization: financialization is not guiltyGAULARD,MYLÈNE investment finance profit deindustrialization Brazil The financialization of the Brazilian economy is often criticized as being responsible of the slowdown of capital accumulation in this country. Indeed, very high interest rates are maintained in order to finance the public debt, and this fosters capitalists to get more Treasury bonds rather than to invest in the productive area. Nevertheless, the evolution of the profit rate in this area also explains the particular relation existing between capitalists, finance and productive investment, as Marx showed it more than a century ago.info:eu-repo/semantics/openAccessCentro de Economia PolíticaBrazilian Journal of Political Economy v.35 n.2 20152015-06-01info:eu-repo/semantics/articletext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572015000200227en10.1590/0101-31572015v35n02a02
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country Brasil
countrycode BR
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libraryname SciELO
language English
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author GAULARD,MYLÈNE
spellingShingle GAULARD,MYLÈNE
The Brazilian deindustrialization: financialization is not guilty
author_facet GAULARD,MYLÈNE
author_sort GAULARD,MYLÈNE
title The Brazilian deindustrialization: financialization is not guilty
title_short The Brazilian deindustrialization: financialization is not guilty
title_full The Brazilian deindustrialization: financialization is not guilty
title_fullStr The Brazilian deindustrialization: financialization is not guilty
title_full_unstemmed The Brazilian deindustrialization: financialization is not guilty
title_sort brazilian deindustrialization: financialization is not guilty
description The financialization of the Brazilian economy is often criticized as being responsible of the slowdown of capital accumulation in this country. Indeed, very high interest rates are maintained in order to finance the public debt, and this fosters capitalists to get more Treasury bonds rather than to invest in the productive area. Nevertheless, the evolution of the profit rate in this area also explains the particular relation existing between capitalists, finance and productive investment, as Marx showed it more than a century ago.
publisher Centro de Economia Política
publishDate 2015
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572015000200227
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