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The overarching concept brought forward by Polanyi is that of the “double movement”[60]: driven by technology, the market starts imposing its dynamics onto society; then, reacting to the harshness of the unrestrained market and the suffering it brings about, society reacts and ultimately reshapes the corporate world to channel its power and serve t
... See moreNicolas Colin • Hedge: A Greater Safety Net for the Entrepreneurial Age
Polanyi, who fled fascist Europe in 1933 and eventually taught at Columbia University, wrote that a self-regulating market turned human beings and the natural environment into commodities, a situation that ensures the destruction of both society and the natural environment. He decried the free market’s assumption that nature and human beings are ob
... See moreChris Hedges • Empire of Illusion: The End of Literacy and the Triumph of Spectacle
With The Great Transformation, published in 1944, the Hungarian-born historian and economist Karl Polanyi offers one of the best accounts of that techno-economic transition[58]. Although it’s not autobiographical, the book is deeply rooted in Polanyi’s life. Like many who grew up in Budapest and Vienna before the Great War, he witnessed first-hand
... See moreNicolas Colin • Hedge: A Greater Safety Net for the Entrepreneurial Age
David Graeber • On social currencies and human economies: some notes on the violence of equivalence – David Graeber
Throughout the last few decades, our economic system has transformed society into a market, citizens into consumers, and communities into individuals
Thomas Klaffke • From Self-Reform to Worldview-Reform
Free To Choose: A Personal Statement
