Why 'Free Markets' Needed Fascism & Communism | Karl Polanyi's Warning

Is the "free market" the natural state of humanity, or a dangerous utopian experiment doomed to fail? Dive deep into Karl Polanyi's groundbreaking 1944 masterpiece, The Great Transformation, and uncover a perspective that radically challenges mainstream economic thought.

In this episode, we explore Polanyi's core arguments:

Fictitious Commodities: Why treating Land, Labor, and Money as mere market goods threatens the very fabric of society and nature.
The Double Movement: How the push for market dominance inevitably triggers a societal counter-movement demanding protection and regulation.
Embedded vs. Disembedded Economies: Understanding the historical shift from economies serving social needs to society serving market demands.
The Market Utopia's Failure: How the attempt to create a self-regulating market system led not to peace and prosperity, but to social breakdown, crisis, and ultimately, the rise of authoritarianism in the 20th century.
Polanyi's Relevance Today: Connecting his insights to modern globalization, financial crises, populism, and the ongoing struggle between market forces and social stability.
This isn't just history; it's a critical lens for understanding the tensions and crises of our own time. Polanyi forces us to question fundamental assumptions about economics, politics, and the kind of society we want to live in. Prepare to have your perspective transformed.

#polanyi #greattransformation #economics #history #society #market #capitalism #neoliberalism #utopia #commodities #labor #land #finance #regulation #politics #crisis #globalization #embedded #disembedded #socialism #fascism #philosophy #motivation #life #selfimprovement #selfawareness #growth #freedom #democracy #money #wealth

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