Lula’s Political Economy: Crisis and Continuity

Everywhere Taksim: Sowing the Seeds for a New Turkey at Gezi

“…Much like AKP, PT's first election victory was based on building a 'losers' alliance' unifying different sections of capital, the manufacturing sector above all, under the premises of sustainable economic growth, and providing a wider base of support among the subordinate classes, which had been penalised by job cuts, a decline in real wages and the contraction of public services that accompanied Brazil's neoliberal transition (Morais and Saad-Filho 2005). PT's reconstruction of the system of power was geared toward satisfying the needs of financial capital and export-oriented sectors, while remaining loyal to the IMF-agreed programme to reach, or even exceed, the fiscal plus target (Kliass 2011).…”