To allow the market mechanism to be sole director of the fate of human beings…

May 16, 2012 § 1 Comment

To allow the market mechanism to be sole director of the fate of human beings and their natural environment, indeed, even of the amount and use of purchasing power, would result in the demolition of society. For the alleged commodity “labor power” cannot be shoved about, used indiscriminately, or even left unused, without affecting the human individual who happens to be the bearer of this peculiar commodity.

—KARL POLANYI, The Great Transformation

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§ One Response to To allow the market mechanism to be sole director of the fate of human beings…

  • thebizoflife says:

    Thank God for politicians and central planners, those benevolent angels, who look out for everyone’s well being, especially their own, and know how to keep the little people in their place.

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