Idle resources and economic cycle: alternatives for the Brazilian crisis

Ignácio Rangel ()

Brazilian Journal of Political Economy, 1989, vol. 9, issue 1, 17-26

Abstract: This article shows that the specific conditions for revolutionary changes in theBrazilian society are reaching maturity. The alliance of classes which commands the Statecannot govern anymore because the social body does not want to be governed as it wasbefore. The general violation of social order is a manifestation of this situation and have itsorigins in the contradiction between the latifundio and the industrialization which was characterizedby large excess supply of labor. The current recessive phase of the business cycle ischaracterized both by the strong idle capacity in the heavy industry and the large bottleneckin the public services sector. The privatization of public services as well the reformulation offinancial intermediation is the solution which is coming out because the financial crisis of theState is the weak link of the economic system. JEL Classification: E32; H12; H11.

Keywords: Business cycle; privatization; state reform (search for similar items in EconPapers)
Date: 1989
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