The 1980s in Latin America saw the implementation of a sweeping programme of economic reforms, either imposed as a condition for securing new loans or to embrace the neoliberal doctrine of structural adjustment, the ideology of a newly formed transnational capitalist class. However, the structural adjustment programme also generated widespread resistance, especially from within the popular sector of civil society. This book analyses both the politics of the adjustment process and the political dynamics of this resistance in Latin America.

The authors trace out the development of capitalism and U.S. imperialism in Latin America in the latest phase of this development, from the installation of the new world order of neoliberal globalization in the early 1980s to the present when U.S. imperialism is held at bay, neoliberalism is in decline, and capitalism is in crisis.

This study examines fundamental theoretical and conceptual issues of social change in Latin America in the context of detailed empirical analysis. It challenges the major assumptions and propositions that underlie globalization theory, reworking and fine tuning the concepts of imperialism and social class as relevant to understanding the 'new world order'. The study centers on the structural features of Latin America and the state policies reconcentrating power in the capitalist class at the expense of labor. The study surveys the contradictory tendencies of concentrated wealth and power and...