Category Archives: Karl Polanyi

The Poor under Capitalism

The New Poor Law abolished the general category of the poor, the “honest poor,” or “laboring poor” — terms against which Burke had inveighed.  The former poor were now divided into physically helpless paupers whose place was in the workhouse, and independent

The Poor under Capitalism

The New Poor Law abolished the general category of the poor, the “honest poor,” or “laboring poor” — terms against which Burke had inveighed.  The former poor were now divided into physically helpless paupers whose place was in the workhouse, and independent

American Market

The separation of powers, which Montesquieu (1748) had meanwhile invented, was now used to separate the people from power over their own economic life.  The American Constitution, shaped in a farmer-craftsman’s environment by a leadership forewarned by the English industrial

American Market

The separation of powers, which Montesquieu (1748) had meanwhile invented, was now used to separate the people from power over their own economic life.  The American Constitution, shaped in a farmer-craftsman’s environment by a leadership forewarned by the English industrial

The Illusion of Freedom

Clearly, at the root of the dilemma there is the meaning of freedom itself.  Liberal economy gave a false direction to our ideals.  It seemed to approximate the fulfillment of intrinsically utopian expectations.  No society is possible in which power

The Illusion of Freedom

Clearly, at the root of the dilemma there is the meaning of freedom itself.  Liberal economy gave a false direction to our ideals.  It seemed to approximate the fulfillment of intrinsically utopian expectations.  No society is possible in which power

Colonialism & the Labor Market

Now, what the white man may still occasionally practice in remote regions today, namely, the smashing up of social structures in order to extract the element of labor from them, was done in the eighteenth century to white populations by

Colonialism & the Labor Market

Now, what the white man may still occasionally practice in remote regions today, namely, the smashing up of social structures in order to extract the element of labor from them, was done in the eighteenth century to white populations by

The Underlying Liberal Prejudice

To separate labor from other activities of life and to subject it to the laws of the market was to annihilate all organic forms of existence and to replace them by a different type of organization, an atomistic and individualistic

The Underlying Liberal Prejudice

To separate labor from other activities of life and to subject it to the laws of the market was to annihilate all organic forms of existence and to replace them by a different type of organization, an atomistic and individualistic

Contradictions

There was nothing natural about laissez-faire; free markets could never have come into being merely by allowing things to take their course.  Just as cotton manufactuers — the leading free trade industry — were created by the help of protective

Contradictions

There was nothing natural about laissez-faire; free markets could never have come into being merely by allowing things to take their course.  Just as cotton manufactuers — the leading free trade industry — were created by the help of protective

Liberalism against Democracy

Let us focus the issue.  It is agreed that the liberal movement, intent on the spreading of the market system, was met by a protective countermovement tending toward its restriction; such an assumption, indeed, underlies our own thesis of the

Liberalism against Democracy

Let us focus the issue.  It is agreed that the liberal movement, intent on the spreading of the market system, was met by a protective countermovement tending toward its restriction; such an assumption, indeed, underlies our own thesis of the

The “Self-Regulating” Market Itself Demands Regulation

It is highly significant that in either case consistent liberals from Lloyd George to Theodore Roosevelt to Thurman Arnold and Walter Lippmann subordinated laissez-faire to the demand for a free competitive market; they pressed for regulations and restrictions, for penal

The “Self-Regulating” Market Itself Demands Regulation

It is highly significant that in either case consistent liberals from Lloyd George to Theodore Roosevelt to Thurman Arnold and Walter Lippmann subordinated laissez-faire to the demand for a free competitive market; they pressed for regulations and restrictions, for penal