WHATEVER HAPPENED TO BRAZIL?

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LADISLAU DOWBOR

Abstract

Under Lula and Dilma, during the 2003-2013 decade that the World Bank called “the Golden Decade of Brazil”, we had simultaneously economic growth, social inclusion, environment protection and job expansion. With no deficit and very low inflation, and all despite the turbulence of the 2008 crisis. The onslaught on the inclusive policies started in 2014, Dilma was ousted through a thinly disguised coup in 2016, ex-president Lula was jailed for the time of the 2018 election, won by Jair Bolsonaro. Since the old oligarchies and corporate interests took over, the economy is stalled, unemployment has doubled, the Amazon is being cut down, child mortality is growing. The pandemic deepened an already general economic and social crisis. The aim of this paper is to present an overview of what went wrong, centering not on the pandemic itself, but on the deeper structural change that reversed the inclusive growth model of the popular governments. This involves the economy, but also technological, social and political change. The overall thesis is that inclusive development works, austerity does not.

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How to Cite
DOWBOR, L. (2021). WHATEVER HAPPENED TO BRAZIL?. Society Register, 5(3), 17-36. https://doi.org/10.14746/sr.2021.5.3.02
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Articles
Author Biography

LADISLAU DOWBOR, Pontifical Catholic University of São Paulo

Ladislau Dowbor teaches economics at the Pontifical Catholic University of São Paulo, and works as a consultant for different UN agencies, governments and NGOs. His numerous publications and technical studies can be found on his website http://dowbor.org, free of charge (Creative Commons). A detailed account of what we present in the above paper can be found in a recent book, The Age of Unproductive Capital, Cambridge Scholars, 2019, as well as in Beyond Capitalism: new social architectures, Cambridge Scholars, 2021.

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