Karl Polanyi: The Economic Prophet Who Predicted Why the Market Would Fail Us

Originally published at: https://systemschangealliance.org/karl-polanyi-the-economic-prophet-who-predicted-why-the-market-would-fail-us/

Long before it was fashionable to be an environmentalist or critical of the capitalist growth economy, Karl Polyani predicted the market economy’s inherent contradictions and ultimate failure.