The Consequences of the Progress and Market Economy: Karl Polanyi's Reflections Applicable to Neoliberalism
As a consequence of the progress after the Industrial Revolution, the values of society, economy and politics have changed. The market economy was allowed, generating a catastrophic dislocation in people's lives. Polanyis "Satanic Mill" is the process that crunched men and t...
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| Format: | Article |
| Language: | Portuguese |
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Conselho Nacional de Pesquisa e Pós-graduação em Direito (CONPEDI)
2015-12-01
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| Series: | Revista de Teorias e Filosofias do Estado |
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| Online Access: | http://www.indexlaw.org/index.php/revistateoriasfilosofias/article/view/671 |
| Summary: | As a consequence of the progress after the Industrial Revolution, the values of society, economy and politics have changed. The market economy was allowed, generating a catastrophic dislocation in people's lives. Polanyis "Satanic Mill" is the process that crunched men and turned then into mass. Social relations were inserted into the economic system and human society became an accessory of it. With the expansion and organization of global markets, the society had to protected itself against the risks of self-regulated market system. Although there are economic advantages in a free labor market, these do not justify the potential social destruction. However, nowadays the idea of deregulation to allow competition and international competitiveness of goods. Our contemporary society has changed its values and the money was prioritized instead of human life. Today, men have become just a commodity. In fact, a fictitious commodity. |
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| ISSN: | 2525-9652 2525-9652 |