Luiz Carlos Bresser-Pereira
Ethier, Diane, ed.Democratic Transition and Consolidation in Southern Europe, Latin America and Southeast Asia. London: Macmillan, 1990: 197-213.
The transition to democracy was an outcome of successful political pact, but the Sarney administration is returning to old populist and clientlists practices that are not consistent with modern capitalism but with the patrimonial state and merchant capitalism.