A teoria do regime de acumulação financeirizado: conteúdo, alcance e interrogações
This paper provides a synthesis of the approaches to the financialized accumulation regime, showing both the problems and the potentialities of the theories that deal with it. It tries to describe the main systemic features of the financialized regime, while questioning its virtuous character and even its viability. It concludes that it is possible, if not probable, that the regime will soon face a crisis whose epicenter will be in the United States.
Booming, Borrowing, and Consuming: The U.S. Economy in 1999
As we take our first steps across what Bill Clinton likes to call the bridge to the twenty-first century, we're hearing a lot of praise for the state of the U.S. economy. The word "boom" is frequently used, as is the phrase "the best economy in a generation." Wall Street economist Larry Kudlow, one of the most exuberant of his breed, calls it "the only adult economy in the world." The United States, we're told, is a natural to succeed in this post-industrial era—fast, flexible, polyglot, and decentered.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.
Deliberative Democracy and the Resource Curse: A Nationwide Experiment in Tanzania
Oil and gas discoveries in developing countries are often associated with short-sighted economic policies and, in response, calls to insulate resource management from populist impulses. We report on a randomized experiment testing methods to overcome this apparent tension between sound resource governance and democratic politics. Soon after Tanzania’s discovery of major natural gas reserves, we invited a nationally representative sample of voters to an intensive public deliberation of policy options featuring nationally recognized experts and small-group discussions. Democratic deliberation reinforced the public’s strong preference for rapid spending of gas revenues, but also increased support for various prudential and economically orthodox measures, including independent oversight of gas revenues, limits on government borrowing, and selling gas abroad rather than subsidizing fuel at home. These effects were driven by deliberation per se, rather than a pure information treatment, and show no evidence of contamination by facilitatoror peer-effects in group deliberations. www.cgdev.org Justin Sandefur, Nancy Birdsall, James Fishkin, and Mujobu Moyo