Class and situated knowledge in Polanyi's The Great Transformation

The author offers his views on a controversial fundraising organized by then U.S. Presidential Candidate Mitt Romney in May 2012 where he commented that he won't be bothered about a section of society who only have access to national income but have not contributions or income tax to give. The author cites this as one the reason why Romney was not successful and states that Hungarian Economists Karl Polanyi's socioeconomics theory is relevant in the 21st century.