3 Quotes by Karl Polanyi

Poverty was nature surviving in society; that the limitedness of food and the unlimitedness of men had come to an issue just when the promise of boundless increase of wealth burst in upon us made the irony only the more bitter.

Robert Owen’s was a true insight: market economy if left to evolve according to its own laws would create great and permanent evils.

Yet the victory of fascism was made practically unavoidable by the liberals’ obstruction of any reform involving planning, regulation, or control.