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

KARL POLANYI ~ THE GREAT TRANSFORMATION

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

~ 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

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

~ 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

~ TMIAACSBOML-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