Brazil: Neo-Liberalism, crises and electoral politics

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Brazil: Neo-Liberalism, crises and electoral politics James Petras Introduction Brazil is the ninth biggest economy in the world, geographically almost as large as the USA with nearly 200 million people and in the deepest economic crises in 70 years. Like South Korea, Brazil is an industrialized country with 75% of the people living in cities. Brazil has the ignominious distinction of having the worst income and land inequalities in the world. Today its unemployment and underemployment rate is nearly 50% and its economy is in deep crises its per capita income has declined for five of the last six years. To understand the political economy of the contemporary crises it is useful to briefly survey recent Brazilian history, then examine the neo-liberal regression of the past 8 years as a context for discussing the current crises, the Presidential elections of 2002, the right turn of the Workers Party and the perspectives for the workers and peasant movement……………….. ….……………………..http://www.rebelion.org/petras/english/petras080902.htm _________________________________________________________________

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