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Thread: Neoliberalism

  1. #46
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    Of course, long after Reagan died the zero interest rate policies remains an experiment, giving a breathing space for the build-up of demand. This is widely expected to have as yet unknown side-effects. Bitcoin is one such consequence, as consumers play with the idea of ZIRP. It is worth reading Acting Man - to keep in touch with the situation http://www.acting-man.com.

  2. #47
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    Karl Polanyi - https://en.wikipedia.org/wiki/Karl_Polanyi

    - Karl Polanyi's Critique is a book in its own right. https://en.wikipedia.org/wiki/The_Gr...rmation_(book).

    Polanyi was originally an Austrian citizen, and like so many Jews his family spoke Hungarian. Hw wrote the Great Transformation while in England and America, and he wrote it in English.
    Last edited by Dreamwoven; 02-27-2018 at 08:11 AM.

  3. #48
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    Karl Polanyi's major contributions to the social sciences starts in Chapter 2 "Beyond the Economistic Fallacy - the tendency in Western thought to analyse all aspects of life through an economic determinism." (Block and Somers (2014 p. 44).

    "Polanyi countered this tendency by emphasising the primacy of the "social".

    Another book by Gareth Dale "Karl Polanyi: the limits of the market (2013)" has a section on "explaining the neoliberal ascendency" (pp 208-210).

    I was interested in the work of Karl Polanyi from many perspectives thanks to my Jewish father who was brought up in the Dual Monarchy of Austria-Hungary and whose father ran a signal box in Slovakia on Czechoslovakia's railways. My paternal Grandfather was a strong supporter of Hungarian nationalism and named his sons after Hungarian leaders (Zoltan being one). He was taken to Auschwitz along with most of my other paternal relatives.

  4. #49
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    Polanyi himself wisely fled from Austria-Hungary first to Vienna where he was editor for a major economics journal. Then when Hitler came to power in 1933 and Austrians welcomed the Anschluss with Germany he moved to North America. His book, The Great Transformation was published in Britain in 1944 (see the links at the end of this post for further information).

    Links:
    https://en.wikipedia.org/wiki/Karl_Polanyi
    https://en.wikipedia.org/wiki/Economic_sociology
    https://en.wikipedia.org/wiki/Embeddedness

    In market societies, in contrast, economic activities have been rationalized, and economic action is "disembedded" from society and able to follow its own distinctive logic, captured in economic modeling. Polanyi's ideas were widely adopted and discussed in anthropology in what has been called "The formalist vs substantivist debate".[1] Subsequently, the term "embeddedness" was further developed by economic sociologist Mark Granovetter, who argued that even in market societies, economic activity is not as disembedded from society as economic models would suggest.[2]

  5. #50
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    From Michael Connelly The Late Show (2017) pp. 130-131:

    This is set in Los Angeles, one of the richest cities in the world. Divisions between the rich and the poor exist everywhere.

    "Who is it? We have people come and go. Sometimes they just leave their stuff."

    Her name's Ramona Ramone. Kinda short Spanish girl? She said she lived here."

    "Yeah, I know Ramona. But one thing you should know - she's a man."

    "Yes, I know that. She was born a man but identifies as a woman"

    That seemed to confuse Denver, so Ballard moved on: "So she lives here?"

  6. #51
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    There are a large number of temporary residents in Los Angeles. Mostly living in caravans that have been dumped. Neoliberalism is not just about the rich who gamble on the stock exchange, it is also about the poor, who have no homes.

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