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<blockquote data-quote="faulkton" data-source="post: 6232674" data-attributes="member: 561910">The short summaries found online of course are a poor substitute for reading the actual work, as i am sure you are well aware. I do not think he is arguing that the new system is entirely negative. No one would argue against the benefit to society a market system has brought to the&nbsp; masses. Nonetheless, our entire evolutionary history we have used a different ie social relationship based system. To tear that down and replace it seemingly overnight has brought with great gains, great peril. The SRM did little in the way to address such perils and protection from such forces was also a part of the evolutionary process.If, like society, the market requires regulating from outside or governmental influences than it isn&#039;t self regulating by definition.I do not believe that the market would have ever evolved by itself to protect the individual without being forced to by outside influence. This puts such protections the market could offer, if forced, squarely inside the &quot;Double Movement&quot; Polanyi writes of.</blockquote>

[QUOTE="faulkton, post: 6232674, member: 561910"] The short summaries found online of course are a poor substitute for reading the actual work, as i am sure you are well aware. I do not think he is arguing that the new system is entirely negative. No one would argue against the benefit to society a market system has brought to the masses. Nonetheless, our entire evolutionary history we have used a different ie social relationship based system. To tear that down and replace it seemingly overnight has brought with great gains, great peril. The SRM did little in the way to address such perils and protection from such forces was also a part of the evolutionary process. If, like society, the market requires regulating from outside or governmental influences than it isn't self regulating by definition. I do not believe that the market would have ever evolved by itself to protect the individual without being forced to by outside influence. This puts such protections the market could offer, if forced, squarely inside the "Double Movement" Polanyi writes of. [/QUOTE]

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