Anzeige
Erschienen in:
2017 | OriginalPaper | Buchkapitel
3. Financial Inclusion in the New Covenant for Growth
verfasst von : Lena Lavinas
Erschienen in: The Takeover of Social Policy by Financialization
Verlag: Palgrave Macmillan US
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
Abstract
This chapter examines how financial inclusion served as a powerful strategy to boost the potential consumption of the “new middle classes,” nurturing the transition toward a mass consumption society in Brazil. The move to mass consumption, in the absence of an underlying structural shift (since social heterogeneity was not overcome), facilitated the turn to a modern consumer market society by way of inclusion of those once on the margins. Special attention is given to the prominent role played by consumer credit in collateralizing social schemes under the rule of the Workers’ Party.