Connections Between the Social Protection System, Taxation, and Financialization

Abstract

This chapter scrutinizes the process of the subjection of social policy to the logic of financialization as led by the social-developmentalist State, providing an empirical characterization of how financialization impacts social policy and the threat it poses to the social protection system of the 1988 Constitution. The various dynamics of the financialization process are compared, across key sectors of social policy such as healthcare, pensions, and higher education.

Keywords

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Annex

Changes to the Legislation of FIES

	New FIES (2010–2014)	Former FIES (2001–2009)
Interest rates	3.40%	Between 3.50% and 6.50%
Deferment	18 months	6 months
Duration	3× the financed period + 12 months	2× the financed period + 12 months
Work-study	A possibility for public school teachers and doctors in the Programa Saúde da Família	N/A
Deferment during medical residency	Available	N/A
Maximum value financed	Between 50% and 100%	Between 50% and 100%
Maximum income	Gross family income of 20× the minimum wage.	N/A
Registration	Internet	Registration through the ministry of education during select dates
Suitability requirements for registration	Only from the guarantor	From the guarantor and the student
Alternative to guarantor	Fundo de Garantia de Operações de Crédito Educativo (FGEDUC)	N/A

1. Source: DIPES/MEC