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This article examines the movement ATTAC and assesses its potential to function as a vital part of the emerging global opposition to neoliberal globalization. We analyze the agenda of the movement and assess its coherence, both in terms of policy evaluations and prescriptions and in terms of the fit of the movement's organizational structure with its substantive mission and official aims. To this end, we explain the emergence and stellar rise of the movement, compare the particularly...
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This article outlines what the Polanyi problem consists of and provides information on some of the implications that arise in developing a Gramscian/Polanyian strategy of counter-hegemony for the labor and the modern social movements, as of August 2004. Labor and new social movements are allegedly an integral element for a progressive solution of the so-called Polanyi problem, which is how the tendency towards the creation of a global free-market economy can be reconciled with a degree of...
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Karl Polanyi's analysis in The Great Transformation has played a prominent role in shaping our understanding of the nature and outcome of both globalization and the movements that have emerged to resist it. However, this article argues that Polanyi's account of the rise and demise of Europe's 19th-century market system is, in important respects, incomplete and misleading. Its central concern is Polanyi's neglect of class structures and processes and how this leads him to mischaracterize both...
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The article review three books about the role of the state in promoting development. It includes "Markets and States in Tropical Africa: The Political Basis of Agricultural Policies," by Robert Bates, "Embedded Autonomy: States and Industrial Transformation," by Peter Evans and "The Great Transformation: The Political and Economic Origins of Our Time," by Karl Polanyi.
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Ideology is always for something. Who thought neoliberalism was any different? The post-Cold War provides an excellent laboratory in which to observe 20th c. civilization crumbling, even as it marches towards world markets unbounded by law or social principles. Through repetition and rhetorical sleight-of-hand, the market has robbed the state and thus the polis of its agency. Thus, Schroeder’s SPD is contemplating yet another retreat from the social democratic model, in favor of the...
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In the wake of frank neo-liberalism, and in the context of rising security fears, ways are being found to provide market liberalism with a more inclusive face. The Poverty Reduction Strategies currently prominent in international development, and Thirdway OECD 'Social Inclusion' policy frames claim common purpose to promote 'opportunity, empowerment and security' for people and places on the peripheries of global economies and societies. They share commitments to global economic integration...
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This article presents information related to market transactions. As a mode of organization, markets are so pervasive in our own lives that it may be hard to think just how novel and contingent (in geologic time) they may be. It was economist Karl Polanyi who sought to isolate a juncture in this process of "becoming a market", the point at which the idea of the market transaction becomes not just a tool or an instrument, but a central organizing principle of social life. But it is not clear...
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Santhi Hejeebu and Deirdre McCloskey's rebuttal to Karl Polanyi's Great Transformation begs several important questions. Yes, commerce can be found throughout human history--but is that the same as saying that people have been equally capitalistic at all times? If not, then how did modern capitalism come into being? Hejeebu and McCloskey portray capitalism as having evolved gradually, indeed quite naturally, rather than being a contingent product of politics. Not inconsistently, Hejeebu and...