Vol. 9 No. 3 (1989)
Jul-Sep / 1989
Published July 1, 1989
How to Cite
Bresser-Pereira, Luiz Carlos. 1989. “O caráter cíclico Da intervenção Estatal”. Brazilian Journal of Political Economy 9 (3). https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/1622.
O caráter cíclico da intervenção estatal
Abstract
The present wave of privatization and the relative success of the neoliberal criticism against the economic role of the state are part of the cyclical character of state intervention. We are now in the downturn of the cycle. During the upturn state intervention, measured in terms of nationalization’s and increase in regulation, is initially successful, but after some time it runs in increasing distortions. The crisis and the criticism that come with the distortions lead to a reduction and particularly to a change in the pattern of state intervention. But never to a return to I’Etat gendarme dreamed by neoliberals.