Market economy as instrument of power from "summary" of The Great Transformation by Karl Polanyi
The market economy, as a mechanism for coordinating human activities, is not a natural phenomenon but rather a human invention. It operates according to certain principles and rules established by society. The market, in essence, is a tool that can be used to achieve various ends, including the concentration and distribution of wealth and power. One of the key aspects of the market economy is its ability to concentrate power in the hands of a few individuals or groups. This concentration of power can have far-reaching consequences for society, as those who control the market also control the resources and opportunities available to others. In this way, the market economy becomes an instrument of power, enabling certain individuals or groups to exert influence and control over the lives of others. Moreover, the market economy can be manipu...
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