Neoliberalism, Democracy and Economic Policy in Brazil
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Alfredo Saad-Filho: University of London
Chapter 2 in Political Economy of Brazil, 2007, pp 7-23 from Palgrave Macmillan
Abstract The presidential election of Luiz Inácio Lula da Silva, the leader of the Brazilian Workers’ Party (Partido dos Trabalhadores, PT) in 2002 was considered by many commentators to have been an important victory for the Brazilian working class.1 Lula’s election was also claimed to have been one of the most important achievements of the international left in this generation, and evidence of the decline of neoliberalism in Latin America. However, Lula’s administration has bitterly disappointed many of his supporters in Brazil and abroad, and it has accelerated the fragmentation of the Brazilian left. Several high profile petistas subsequently abandoned the party, and scores of members have expressed their dissatisfaction with the alleged ethical and political degeneration of the PT. In their view, the PT has pursued the same neoliberal macroeconomic policies that it previously scorned, and that characterized the administration led by the ex-Marxist sociologist Fernando Henrique Cardoso.
Keywords: Political Economy; Trade Union; Communist Party; Presidential Election; Foreign Debt (search for similar items in EconPapers)
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