Post-Large Scale Industry and Neoliberalism

Vol. 25 No. 1 (2005)

Jan-Mar / 2005
Published January 1, 2005
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Prado, Eleutério F. S. 2005. “Post-Large Scale Industry and Neoliberalism”. Brazilian Journal of Political Economy 25 (1):11-28.

Post-Large Scale Industry and Neoliberalism

Eleutério F. S. Prado
Professor do Departamento de Economia — Faculdade de Economia, Administração e Contabilidade — FEA.
Brazilian Journal of Political Economy, Vol. 25 No. 1 (2005), Jan-Mar / 2005, Pages 11-28


Capitalism is coming from the modern industry phase to the post-modern industry phase. In modern industry, as was said in Capital, the main material content of capital relation was physical assets (systems of machines); in post-modern industry, the main forms of capital are impressed on intangible assets (scientific knowledge and technologies). As Marx in Grundrisse previewed it, now capital appropriates not only live labor, but general intellect too. From this point of view, neoliberalism and capital globalization are not viewed here, immediately, as results of financial capital domination, but as expressions of capital and labor contradiction in the post-large scale industry.

JEL Classification: B51, P16, O34.

Keywords: neoliberalism post-large scale industry totalitarism economic ideology