Sublime

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

Polanyi’s double movement—responding to the transformation of the world into property and the destruction of ways of managing shared resources.

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

This history of neoliberalization and class formation, and the proliferating acceptance of the ideas of the Mont Pelerin Society as the ruling ideas of the time, makes for interesting reading when placed against the background of counter-arguments laid out by Karl Polanyi in 1944 (shortly before the Mont Pelerin Society was established). In a compl

Throughout the last few decades, our economic system has transformed society into a market, citizens into consumers, and communities into individuals

l’admirable livre de Karl Polanyi, La Grande Transformation49.