Exchange Rising? Karl Polanyi and Contentious Politics in Contemporary Latin America

Free-market reforms in the last quarter of the twentieth century weakened the point of production—labor unions—as the source of effective nonparty political countermovement to liberal capitalism. Has another significant source of societal resistance arisen in association with the resurgence of market economics? Building on the work of Karl Polanyi, this article argues that circuits of exchange—the commodification of labor, land, and money—can be powerful sources of movement against contemporary forms of free-market capitalism. It draws on the cases of Argentina, Bolivia, and Ecuador to explore how Polanyi's exchange-based approach helps to elucidate three phenomena: the great variety of identities behind the myriad movements against free-market capitalism, the emergence of community as a powerful locus for organizing, and the proliferation of new forms of transgressive and highly disruptive direct action to reinforce the debilitated effectiveness of the strike.