ABSTRACT
The present paper discusses the nature and the conditions of stabilization plan in democratic societies, criticizing the technocrats’ approach that reduces those plans to a mere technical decision, this hiding their social consequences and implications in terms of gains and losses. The inefficacy of orthodox and heterodox plans from in recent years said to be due to their lack of clarity, politics and legitimacy. A stabilization program cannot be left in the hands of market or cannot be resumed to a fiscal adjustment and monetary restrictions, but must have income policies, introduced by the State and with the active participation of social classes. The experience of the sectorial chambers in certain branches of industrial activities harbours an insight towards a new mechanism of coordination of prices, wages and public prices, that can slow down that inertial inflation and keep price increase in Brazil under control.
KEYWORDS:
Political economy; stabilization; technocracy