%0 Journal Article
%T The Debate on the Fiscal Matter in the Contemporary Capitalism Crisis in Light of Critical Political Economy
%A Bruno Toschi
%A ¨¢quilas Nogueira Mendes
%A Leonardo Carnut
%J Modern Economy
%P 1-22
%@ 2152-7261
%D 2024
%I Scientific Research Publishing
%R 10.4236/me.2024.151001
%X This article takes stock of how critical political economy authors have discussed
the fiscal matter. It deals with the debate on austerity and its consequences i<span>n the context of the crisis of contemporary capitalism.
A cr</span>itical systematic review of the literature was conducted using 16 Marxist
journals, including some of an interdisciplinary nature. The search strategy was
constructed with the free terms: fiscal matter, capitalist crisis and fictitious
capital, and crossed with</span><span style=\"font-family:&quot;\"> </span><span style=\"font-family:&quot;\">tax reform,
fiscal policy, public debt, public bonds, fiscal, taxes and austerity. After the
selection processes, 15 articles were chosen and discu<span>ssed based on three analysis dimensions: 1) the fiscal matter and it</span>s
theoretical debate and case studies; 2) the fiscal matter and contemporary capitalism,
focusing on the themes </span><span style=\"font-family:&quot;\">of </span><span style=\"font-family:&quot;\">financialization,
neoliberalism and crisis; 3) fiscal reforms and class struggle, with emphasis on
reforms in the most violent global South. Based on the results found in this review,
it can be concluded<span> that the transformations
of contemporary capitalism reiterate </span>the leading role of fiscal austerity,
with reduced spending and debt control. These eleme<span>nts engender a new dynamic for social rights, with intensification o</span>f
privatization through the capitalist State itself. More than the participation of
private capital, mercantilization reflects the dominance of mercantile logic in
social logic and the inevitable need for fiscal adjustment, which, on the periphery
of capitalism, takes on a permanent character.
%K Fiscal Matter
%K Crisis
%K Capitalism
%K Critical Political Economy
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=130648