Abstract
This paper investigates the economic dynamics of Brazil in the 2000-2016 period, based on the profit rate and its determinants (technology, distribution,and demand), linking it with the financialization of the economy. Between 2003 and 2010, the Brazilian economy experienced economic growth with income distribution in favor of wages. The rate of profit fell from 2011 on, culminating in a crisis in 2014. The research finds the existence of cooperation between capitalists and workers under Lula’s government and competition under Dilma’s years. We calculate the profit rate on net worth, corroborating our findings of functionality between finance and production from 2003 to 2010 and the dysfunctionality of finance for accumulation starting in 2011, when profitability fell along with the increase in leverage
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Bruno Miller Theodosio
PhD candidate in Economics
Bruno Theodosio is a PhD candidate in Economics at The University of Utah. Bruno Theodosio has research interests in Political Economy, Statistical Equilibrium models and Macroeconomics.