The global power of finance capital – the effects in Brazil

(By: Bruno Lima Rocha)

This article is the part of a series dealing with macro-economic structures and their effects in Brazil. Here I describe the visible effects of a rentier logic in the country. Rentiers are those that live on dividends and profits, and not through direct work – in other words, those who live by exploiting the labor power of others. For a class to enjoy the status of rentiers, there must be a consistent and reliable mechanisms of class power able to extract rents from the productive economy – from the working class. Continue reading