By accident only, as we see, was European fascism in the 1920s connected with national and counterrevolutionary tendencies. It was a case of symbiosi… - Karl Polanyi

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By accident only, as we see, was European fascism in the 1920s connected with national and counterrevolutionary tendencies. It was a case of symbiosis between movements of independent origin, which reinforced one another and created the impression of essential similarity, while being actually unrelated.
In reality, the part played by fascism was determined by one factor: the condition of the market system.
During the period 1917–23 governments occasionally sought fascist help to restore law and order: no more was needed to set the market system going. Fascism remained undeveloped.
In the period 1924–29, when the restoration of the market system seemed ensured, fascism faded out as a political force altogether.
After 1930 market economy was in a general crisis. Within a few years fascism was a world power.

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About Karl Polanyi

Karl Paul Polanyi (October 25, 1886 – April 23, 1964) was a Hungarian-American economic historian, economic anthropologist, political economist, historical sociologist and social philosopher.

Biography information from Wikiquote

Also Known As

Native Name: Polányi Károly
Alternative Names: Károly Pollacsek Karoly Pollacsek Karl Paul Polanyi Polanyi Karoly
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Shorter versions of this quote

In reality, the part played by fascism was determined by one factor: the condition of the market system.

During the period 1917-23 governments occasionally sought fascist help to restore law and order: no more was needed to set the market system going. Fascism remained undeveloped.

In the period 1924-29, when the restoration of the market system seemed ensured, fascism faded out as a political force altogether.

After 1930 market economy was in a general crisis. Within a few years fascism was a world power.

Additional quotes by Karl Polanyi

The mechanism of the market was asserting itself and clamoring for its completion: human labor had to be made a commodity. Reactionary paternalism had in vain tried to resist this necessity. Out of the horrors of Speenhamland men rushed blindly for the shelter of a utopian market economy.

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