by What ought to be the role of money and markets in society [embedded content] As Karl Polanyi argued already in the 1940s — it is dangerous to allow markets ’embed’ society. Having unfettered markets and money take over society is a sure recipe for only one thing. Disaster. On both a human and ecological scale. What we see happen in the US, the UK, Germany, Sweden, and elsewhere, is deeply disturbing. The rising inequality is outrageous. Societies where we allow the inequality of incomes and wealth to increase without bounds, sooner or later implode. The cement that keeps us together erodes and in the end we are only left with people dipped in the ice cold water of egoism and greed. A society without even an idea of a common good is no longer a
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Lars Pålsson Syll considers the following as important: Politics & Society
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What ought to be the role of money and markets in society
As Karl Polanyi argued already in the 1940s — it is dangerous to allow markets ’embed’ society. Having unfettered markets and money take over society is a sure recipe for only one thing. Disaster. On both a human and ecological scale.
What we see happen in the US, the UK, Germany, Sweden, and elsewhere, is deeply disturbing. The rising inequality is outrageous. Societies where we allow the inequality of incomes and wealth to increase without bounds, sooner or later implode. The cement that keeps us together erodes and in the end we are only left with people dipped in the ice cold water of egoism and greed. A society without even an idea of a common good is no longer a society.