The Financialization of Social Policy: An Overview by Lena Lavinas, Lucas Bressan, Pedro Rubin, Ana Carolina Cordilha published by IE/UFRJ (1/2022).
“The main revolution of the 20th century was making the right to social protection into a common good, the right of everyone, overcoming the stigma of assistance for the poor. The right to health, education and vocational training, housing, safety and security, and a minimum monetary income for survival in a market economy progressively expanded the scope of protection and enriched the semantic field of social policy. Through social struggles and the needs raised by the expanded reproduction of capitalism itself, social policy moved forward, expanding the range of demands in favor of universal provision of a set of decommodified goods and services – to ensure individuality without subordination, promote equality of opportunities, and impede forms of socially devalued status – and the primacy of prevention – to avoid or reduce loss of provisions during systemic crises or personal misfortunes…”
