ABSTRACT

This paper examines how the mass-based financialization process, which prevailed under the rule of the Worker’s Party (Partido dos Trabalhadores), has gained scale and scope, subsuming social policy. It focuses on three specific sectors-pensions, the healthcare system and college education-so as to unfold the role played by the state in this process as well as the path taken by financial actors now turned into the new managers of the social.

KEYWORDS:
financialization; social policy; private equity funds; Brazil