KARL POLANYI ~ THE GREAT TRANSFORMATION ~ 1944

~ C&M-ABOTAT-TDFMGITOIIHB ~ Capitalism And Marxism – Are Based On The Assumption That – The Desire For Material Gain Is The Overriding Instinct In Human Behaviour

~ ‘ED’-GUHPASHOEHQ-TCF-H-D-A-MR ~ “Economic Determinism” – Greatly Underestimates Human Potential And Strips Humans Of Essential Human Quality – The Capacity For – Honour – Decency – And – Moral Responsibility

~ ‘ED’-TBT-THOH-IGBLWAIOHWAA-ITMASIE ~ “Economic Determinism” – 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

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

~ ME-SNB-TFAFG-BR-TW-BOS ~ Market Efficiency – Should Not Be – The First And Foremost Goal – But Rather – The Well-Being Of Society

~ HAMNOTSTOPAMW-B-BATLI-S-C-A-J-C ~ Humans Are Motivated Not Only To Secure Their Own Physical And Material Well-Being – But Also – To Live In – Strong – Cohesive – And – Just – Communities

~ WA-MB-AWAB-PO ~ We Are – Moral Beings – As Well As Being – Physical Ones

~ OOP-INAAREAFS-BR-ACR-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’-IAACSBOM-ML-DBAFTPCTTEOO-W-GTNIF-MG-TTEO-TEPNIF-S-P-A-S ~ “The Market” – Is An Artificially Constructed System Based On Man-Made Laws – Designed By And For The Propertied Classes To The Exclusion Of Others – Which – Glorifies The Natural Instinct For – Material Gain – To The Exclusion Of – The Equally Powerful Natural Instinct For – Self-Protection – And – Security

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