Resumo

Industrial Bourgeoisie assumes the hegemonic role, which had belonged until then to the feudal large estates. This is the great transformation that occurred in the Brazilian society in this recessive stage of Kondratieff’s cycle. The principal areas of this stage in Brazilian economic crisis are analyzed as well and pointed out the two main aspects which will have to orient the overcoming phase of this crisis: the privatization of public services and the greater intervention of the State in foreign trade.