Brazilian Subimperialism

Military dictatorship was a response to the economic crisis affecting the Brazilian economy between 1962 and 1967 and to the consequent intensification of the class struggle. But it was something more: it constituted the instrument and the result of a type of development which could be called state capitalist and subimperialist. In this perspective, it has been both the guarantee of capital accumulation based on the super-exploitation of the working masses—urban as well as rural—and the expression of the hegemony conquered, thanks to the crisis, by the industrial monopolies and by national and international finance capital.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.