Market expansion threatens livelihoods from "summary" of The Great Transformation by Karl Polanyi
Karl Polanyi explores the intricate relationship between market expansion and its impact on people's livelihoods in his seminal work, 'The Great Transformation'. He argues that the relentless pursuit of market growth poses a significant threat to individuals' ability to sustain themselves and their communities. As markets expand and commodify various aspects of human life, they often encroach upon traditional livelihoods and modes of subsistence. This encroachment can destabilize local economies and social structures, leading to widespread dislocation and hardship for those who are unable to compete in the newly formed marketplace. Moreover, the co...
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