SOCIAL THEORY AND CAPITALISM

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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

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)

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)

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).

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.

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)

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.

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.

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)

2016. National solidarity, first, and social-democracy, later on, have mitigated Capitalist exploitation. The demise of these two institutions led global capitalism to the present political crisis. (essay)

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