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polanyi

The Hypnosis of Patriotism (tags)

Patriotism is an unnatural,unreasonable, harmful feeling for our times, which causes much of the evil from which mankind suffers.

Karl Polanyi on Unfettered Capitalism (tags)

Karl Polanyi condemned profit greed and deregulated markets. Today's capitalism critics are his heirs and don't know it. An unfettered capitalism is responsible for the world coming out of joint. "Finance capital was put in the driver's seat."

Against Market Radicalism (tags)

Capitalism is not "the end of history" as the American Francis Fukuyama postulated in 1992. The system question is open! The economy should be re-embedded in society. What seems rational in microeconomics collides with the irrationality of maximum profits as en end-in-itself

Karl Polanyi - Still Actual 50 Years After His Death (tags)

Karl Polanyi was the author of "The Great Transformation." As in Polanyi's times, the absurdity of the market utopia must be made clear and confronted with social reality. Freedom and democracy are goals to defend, not markets.

Time to Decide (tags)

"Nature and people are `fictional commodities. When they submit completely to market mechanisms and when markets are not regulated, this leads to people dying who don't find buyers for their labor power..."

The Great Transition (tags)

"The “Great Transition” is meant to echo the phrase used by Karl Polanyi, The Great Transformation, the title of Polanyi’s important 1944 book describing the shift from the world of the commons to that of the total market order..."

Review: Karl Polanyi-How the State Created Capitalism (tags)

In "The Great Transformation" (1944), Karl Polanyi deconstructs the myth of a free market economy that develops naturally and spontaneously and the idea of the state as a counter-pole to capital. The transformation of labor and land into commodities was a painful process.

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