Capitalismo financeiro-rentista

Luiz Carlos Bresser-Pereira

Estudos Avançados, 32 (92): 17-29.

From the beginning of the twentieth century there are three basic social classes: the capitalist class or bourgeoisie, the working class and the professional class or technobureaucracy. In the first part of the century, the high technobureaucrats replaced the business entrepreneurs in the management of the corporations; from the 1980s, the rentier capitalist, most of them heirs, replaced the entrepreneurs in the ownership of such corporations. To manage their wealth a special class of professionals emerged, the financiers, young and bright people formed in the best universities, who assumed also the role of ideologues or organic intellectuals, and adopted the neoliberal ideology, and either the neoclassical, or the Austrian economics as justification supposedly scientific.

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