the IMF, those institutional bastions of belief in the free market system, believe that governments should not intervene in the exchange rate, - Karl Polanyi

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the IMF, those institutional bastions of belief in the free market system, believe that governments should not intervene in the exchange rate,

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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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Additional quotes by Karl Polanyi

Fascism, like socialism, was rooted in a market society that refused to function. Hence, it was worldwide, catholic in scope, universal in application; the issues transcended the economic sphere and begot a general transformation of a distinctively social kind. It radiated into almost every field of human activity whether political or economic, cultural, philosophic, artistic, or religious. And up to a point it coalesced with local and topical tendencies. No understanding of the history of the period is possible unless we distinguish between the underlying fascist move and the ephemeral tendencies with which that move fused in different countries.

A bare outline of the objective nature of Fascism thus tends to support our interpretation of its philosophy. The Fascist system has to carry on persistently the task begun by the Fascist Movement: the destruction of the democratic parties, organisations, and institutions in society. Fascism must then proceed to attempt to change the nature of human consciousness itself. The pragmatic reasons for its clash with Christianity are due to this necessity. For a Corporative State is a condition of things in which there is no conscious will or purpose of the individual concerning the community, nor a corresponding responsibility of the individual for his share in it. But neither such a will not such a responsibility can pass from our world altogether so long as we continue to conceive of society as a relationship of persons.

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