Between two crises: resilience and renewal of neoliberalism in Brazil between the 2008 and 2015/16 crises.
2008 crisis, 2015/16 crisis, fiscal austerity, neoliberalism, crisis theories.
The 2008 financial and economic crisis did not trigger, as some theories predicted, a new capital accumulation regime. On the contrary, the novelty of this crisis, in relation to the crisis of 1929 and the crisis of the 1970s, was the radicalization of the principles of the regime of capitalist accumulation in crisis. The European Union (EU) was the epicenter of this movement, where from 2010 some countries were subjected to fiscal austerity measures. In general, in Latin America (LA), in the first years after the crisis, economic policies were adopted that at first suggested a distancing from the neoliberal accumulation regime. This impression of a change in direction was dissipated in the mid 1910s when a series of neoliberal reforms were adopted, mainly under the logic of austerity, as in Argentina and Brazil. In common with the EU, it can be pointed out that solid institutional barriers were built in LA that frustrated the attempt to build alternative policies to neoliberalism. But, there are significant differences in the institutional mechanisms that allowed the resilience of neoliberalism in countries of the global North and those of the global South. Despite processes with similar effects, the result was produced by different mechanisms. These differences are fundamental for the analysis of the characteristics, timing and intensity of the reforms triggered. In order to understand the resilience of neoliberalism, mainly in the global South, a case study is undertaken on the trajectory of neoliberalism in Brazil in the 21st century, between the 2008 crisis and the 2015/16 crisis. The research aims, first, to understand the resilience of neoliberalism in the period prior to the crisis, analyzing, for this purpose, the institutional conditions that limited the alternatives to neoliberalism and that restricted the possibilities of responding to the crisis. After analyzing the resilience of neoliberalism, sheds light on the contradictory response of the Brazilian State to the 2008 crisis, and how it became the cause of the next crisis (2015/16), which at the time was intertwined with a serious political crisis. But the response to the crisis cannot be derived from the institutions that previously existed, as it is possible to observe in the case of the EU. To explain why a type of reform was chosen, among other possible neoliberal reforms, we analyze the social actors and the coalition that benefited from the reforms and, therefore, supported them. In short, how was an anti-popular economic policy created through a democratic system? The hypothesis is that both the repertoire of reforms and the type that was applied are the result of agreements and disputes between the fractions that made up the coalition that ousted Rousseff's government.