Inclusion and Austerity in Brazil

brazil poverty

Austerity is not working, because it essentially means a huge transfer of financial resources to the hands of an unproductive financial elite, and a reduction of purchasing power at the bottom of the pyramid, which in turn means stagnant demand, reduced production and employment, and a growing deficit.

The Pandemic and the Economic Crisis: a Global Agenda for Urgent Action

stiglitz

Delayed vaccination of people across the world increases possibilities of virus mutation, reducing the ability to control the pandemic even in rich countries that have bagged vaccines. “The advanced countries learned, even if briefly, that austerity is counterproductive.” All of this can be done quickly if political leaders in the developed world recognize that no one is safe until everyone is safe and that a healthy world economy is not possible without recovery in its poorer parts.

Beyond Capitalism: New Social Architectures

This book is about systemic change in what we consider as capitalism. Far beyond qualifications such as Industry 4.0, the view presented here is that the very structures of capitalism are currently being displaced, and that the present digital revolution is as deep in its impact as the industrial revolution was when it emerged from […]

Toward a New Fiscal Constitution

the wellbeing budget

With the COVID-19 pandemic forcing governments to spend on an unprecedented scale to sustain businesses and households, there has never been a better time to restore the state to its proper role as a rudder for the broader economy. The market alone is simply no match for the challenges of the twenty-first century.

Inequality and Politics in Brazil: Bolsa Familia and Beyond

3 Tips on How to Accumulate Wealth as a Real Estate Agent 2

The Bolsa Familia program of money transfers to the roughly 50 million poor at the bottom of the pyramid is internationally known but its success was grounded in a much wider set of 149 programs constituting an integrated and inter-sector policy.

We squandered a decade’: world losing fight against poverty, says UN academic

Jason Lee Reuters The Guardian 07.07.20 Philip Altson

Relator da ONU, Philip Alston, constata que estamos perdendo a guerra pela redução da desigualdade. “Mesmo antes da pandemia, 3,4 bilhões de pessoas, quase a metade do mundo, vivia com menos de US$5,50 por dia. Esse número praticamente não caiu desde 1990.” Trata-se do principal desafio do planeta, junto com a destruição ambiental. “O impressionante sucesso da campanha ideológica que apoia as políticas neoliberais é que conseguiram convencer as pessoas de que os que estão na pobreza devem se culpar apenas a si mesmos.”

Unproductive Capitalism in Brazil

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We are all discussing the coronavirus crisis, but we must also look at the underlying economic crisis. Understanding how the Brazilian distributive experience worked, and how it was broken down with a parliamentary coup, leading to the present economic and social dramas is enormously instructive. A very clear contrast of two models, showing what works, and what doesn’t work for development.

Nothing compares to the Brazilian parasite

banks

First, the obvious thing: our problem is not a lack of money, but mismanagement. Or, to say it in an updated way today, it is lack of governance, of making the whole work.