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From the Great Transformation to the Great Financialization - On Karl Polanyi and Other Essays (Hardcover)
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From the Great Transformation to the Great Financialization - On Karl Polanyi and Other Essays (Hardcover)
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Four years into the unfolding of the most serious crisis since the
1930s, Karl Polanyi's prediction of the fateful consequences of
unleashing the destructive power of unregulated market capitalism
on peoples, nations, and the natural environment has assumed new
urgency and relevance. Polanyi's insistence that 'the
self-regulating market' must be made subordinate to democracy,
otherwise society itself may be put at risk, is as true today as it
was when Polanyi wrote. Written from the unique perspective of his
daughter, From the Great Transformation to the Great
Financialization is an essential contribution to our understanding
of the evolution and contemporary significance of Karl Polanyi's
work, and should be read against the background of the accelerating
accumulation of global finance that created a series of financial
crises in Latin America, Russia, Asia, and, eventually, the
heartlands of capitalism itself.
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