Battle for Social Democracy and Unfettered Capitalism (tags)
Two opposing schools of thought face each other at the sickbed: neoliberalism and social democracy. Didn't the death-bells of neoliberals ring in the course of the financial market crisis? Were not neoliberals unmasked who first caused the whole mess with their deregulation?
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."
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.