This edited collection engages with Marx’s General Law of Capitalist Accumulation, examining the relevance and actuality of Marx’s propositions for the analysis of contemporary capitalism in Latin America and beyond. The contributors offer an original and updated interpretation of Marx while also examining important topics in political economy. The contributors bring critical insights into scholarly debates on imperialism, exploitation, labor, and development.

In recent decades, the global North has been engulfed by neoliberalism. Neoliberal ideas have dominated the economy and public policies, and have become deeply entrenched as “common sense.” Latin America has not been immune to this trend. However, at the same time, governments and popular mobilizations across the continent have actively resisted and challenged neoliberalism. Countries such as Venezuela and Bolivia have sometimes been grouped under the label of a “pink tide,” denoting their leftist alignment and their resistance to the Washington-led neoliberal consensus. This opposition to neoliberal development patterns in Latin America has gone beyond social-democratic reformism to a revival of Marxist theoretical perspectives and political practices. This book provides an insight into the rich diversity of Latin American Marxism, historically and contemporarily. Given the global interest in the revival of radicalism in Latin America, it will appeal to a wide audience, and should be of interest to non-Marxist as well as Marxist scholars with interests in topics from political economy to cultural theory.

This is the second and final volume of a collection of studies on the role of the state in capital accumulation in Latin America. Volume One included a general historical and conceptual introduction and case studies of Brazil, Chile and Mexico. The present volume covers the remaining countries of South America (with the exception of Paraguay). Together, the ten countries examined in the two volumes represent 89% of the Latin American population and 94% of the continent's GDP.

Focusing on the processes of accumulation, concentration and centralisation of capital, this book explains the transnationalisation of capital and its impact on Latin America and Brazil. The first chapter addresses the logic of these processes from a Marxian perspective. The second chapter shows how this movement of capital expands into some Latin American countries, and how it subsequently retracts in the 1990s process of global centralisation. The third chapter evaluates Latin American strategies to attract capital by taking a subordinate position to capital’s global movement. The last two chapters focus on Brazil's development strategy in the face of the alternating expansion and contraction of capital, and point out the vulnerability of Latin American countries when their development is subordinate to transnational capital. First published in Portuguese as Subordinação consentida: capital multinacional no processo de acumulação da América Latina e Brasil by Annablume Editora/Fapesp in 2006.