Pedro Rubin is a masters student in the graduate program of Economics at the Federal University of Rio de Janeiro (PPGE-IR-UFRJ).

April 3, 2024

Analysis

The Debt Poor

Financialization, debt and the underestimation of poverty in Brazil

The 2008 financial crisis was an unprecedented demonstration of financialization in capitalism today. In the US, the collapse of real estate values revealed how formal credit channels—imagined as mechanisms of wealth creation—had brought unsustainable levels of household indebtedness down into…