Crisis and reconstitution of hegemony after the collapse of Convertibility (1999-2003)
Keywords:
Hegemonía, crisis financiera, elite económica argentina, clase dominante argentina, ideología Hegemony, financial crisis, Argentina’s economic elite, Argentina’s ruling class, ideology
Abstract
This article discusses the weakening of the hegemony which supported the Convertibility model, as a dimension of the economic contradictions accumulated by that model. These contradictions manifested in both a conflict among classes and within the dominant class. In the midst of these conflicts, corporate fractions supporting Convertibility were unable to raise a new consensus that would have provided them with a second opportunity to “amend” it, whereas the critical corporate fractions would eventually gain increasing support within both their class and among subaltern classes. In this way, the economic positions they supported became a necessary reference for the economic steering following the collapse of Convertibility.
