Debt, violence, and impersonal markets: Polanyian meditations
David Graeber
If The Great Transformation will be remembered for anything a century from now, it as the definitive refutation of great liberal myth market. By this I refer to assumption that “self-regulating markets”, Polanyi calls them, are in some sense natural: markets always arise their own accord long governments don't prevent it, just they inevitably did Europe once civil society was freed stifling effects feudalism. examined very time and place when first emerged – Britain eighteenth nineteenth centuries demonstrated no such market” could ever have without elaborate government intervention begin with, none survive continual support.
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