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Coalitions for development: a new-developmentalist interpretation for the abandonment of industrial capitalist from PT political coalition

Author

Listed:
  • Tiago Couto Porto

    (Member of the Centro de Estudos sobre o Novo Desenvolvimentismo da Fundação Getulio Vargas de S.Paulo, São Paulo/SP Brasil)

Abstract

The paper uses a socioeconomic framework to understand what is behind the dismantling of PT political coalition. First a theoretical discussion presents the interconnections between Developmental State and class coalitions. Second, PT political coalition is described by connecting the interest of different social classes with macroeconomic, industrial and social policies implemented by the government. Finally, it is provided new interpretation and evidence for the abandonment of the industrial capitalist from the dominant coalition. For that, the new-developmentalist argument of the lack of satisfactory profit rate and Furtado’s argument on development-stagnation dichotomy is presented and empirically supported. JELClassification: P16; D74.

Suggested Citation

  • Tiago Couto Porto, 2020. "Coalitions for development: a new-developmentalist interpretation for the abandonment of industrial capitalist from PT political coalition," Brazilian Journal of Political Economy, Center of Political Economy, vol. 40(2), pages 355-375, April.
    • Handle: RePEc:ekm:repojs:v:40:y:2020:i:2:id:95100
    DOI: 10.1590/0101-31572020-3092
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    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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