Küreselleşmeyi “Büyük Dönüşüm” Üzerinden Okumak[Understanding Globalization through "The Great Transformation" of Karl Polanyi]

After the Keynesian social policies achieved an unprecedented increase in the material standard of living under state-managed welfare capitalism, the neo-liberal counter-revolution appeared following economic and political turmoil in the 1970s. As it was in the 19th century, today liberal economic order is renovated and presented as an inevitable trend toward a globalized world of winners and losers, requiring the subordination of all aspects of social and cultural life to intensified economic competition. Yet Polanyi's warning of the dangers of the "utopia" of a generalized "self-regulating" market casts a shadow over the neo-liberal vision of universal capitalism.