KARL POLANYI ~ THE GREAT TRANSFORMATION

~ TBTTHOHIGBLWAIOHWAAITMASIE ~ The Belief That The History Of Humanity Is Governed By Laws Which Are Independent Of Humanity’s Will And Action Is The Most Absurd Superstition In Existence

~ AESTDNCSCINGAFEA ~ Any Economic System That Does Not Consider Social Costs Is Not Giving A Full Economic Accounting

~ MESNBTFAFG-BRTWBOS ~ Market Efficiency Should Not Be The First And Foremost Goal – But Rather The Well-Being Of Society

~ HAMNOTSTOPAMWB-BATLISCAJC ~ Humans Are Motivated Not Only To Secure Their Own Physical And Material Well-Being – But Also To Live In Strong, Cohesive And Just Communities

~ WAMBAWABPO ~ We Are Moral Beings As Well As Being Physical Ones

~ TWNNALF-FMCNHCIBMBATTTTC ~ There Was Nothing Natural About Laissez-Faire – Free Markets Could Never Have Come Into Being Merely By Allowing Things To Take Their Course

~ OOPINAAREAFS-BRACR-GBSAESR ~ Ownership Of Property Is Not An Absolute Right Enjoyed Apart From Society – But Rather A Conditional Right – Granted By Society And Entailing Social Responsibilities

~ ‘TM’ – IAACSBOMML-DBAFTPCTTEOO ~ “The Market” – Is An Artificially Constructed System Based On Man-Made Laws – Designed By And For The Propertied Classes To The Exclusion Of Others

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s