March 30, 2015

Long Dead Economist’s Theories Proven Right – Free Market Advocates The New Utopians

http://www.addictinginfo.org/2015/03/27/karl-polanyi/
"In Polanyi’s piece, the underlying principle is that many of the points presented by free market adherents are little more than politics being disguised as economics. The market, in his analysis, is but one force of many found in society, and attempting to use it for all of societal needs is not only utopian, that is an unreachable goal, but is actually detrimental to society itself. And the idea of using “the free market” for societies needs, that is for what in olden times would be called “The Commons,” is dystopian itself. Today, we call this movement to move The Commons to the Free Market “Privatization"."