As was rightly pointed out by Karl Polanyi in the 1940s, the 19th century laissez-faire regime can be thought of as one in which society is forced to conform to the needs of the market mechanism. "Instead of the economy being embedded in social relations, social relations are embedded in the economic system" in this laissez-faire regime. However, it was precisely because of this that the system gradually disintegrated from the early 20th century into economic and social chaos. "Since society was made to conform to the needs of the market mechanism, imperfections in the functioning of that mechanism created cumulative strains on the body social."
Eisuke SakakibaraRelated topics
body century early embed market mechanism needs regime thought relations 1940s functioningRelated quotes
Left to its own devices the market is capable of the most miraculous of inventions and the silliest of self-delusions. It is an extreme romantic. It also has a real purpose - the same one it has always had. That is to organize the supply and exchange of goods or to finance the production of goods - thus facilitating and financing the economy. But the market cannot achieve in a regular and lasting manner its own purpose because it is only an unconscious and abstract mechanism. The factor which must be added in order to create the restraint, balance, and consciousness necessary for long-term prosperity is human leadership. That leadership takes the form of effective regulation.
John Ralston Saul
Treating women as second-class citizens is a bad tradition. It holds you back. There's no excuse for sexual assault or domestic violence. There's no reason that young girls should suffer genital mutilation. There's no place in civilized society for the early or forced marriage of children. These traditions may date back centuries; they have no place in the 21st century. These are issues of right and wrong -- in any culture. But they're also issues of success and failure. Any nation that fails to educate its girls or employ its women and allowing them to maximize their potential is doomed to fall behind in a global economy.
Barack Obama
At a very early stage I realised that it's a real problem to perform electronic music on stage because electronic instruments are not particularly convincing on a visual point of view: somebody behind his computer, it's not particularly visual. So I was inspired by the opera. And what was the opera in the 19th century? It was the idea for a musician to join and to work, to collaborate with a stage director, with carpenters, painters, people doing decors, graphic artists to have a visual prolongation, a visual correspondence to their work. That's what I tried to do with the tools of my generation: electronics and video and lights and all that.
Jean-Michel Jarre
This new knowledge economy will rely heavily on knowledge workers.... the most striking growth will be in "knowledge technologists:” computer technicians, software designers, analysts in clinical labs, manufacturing technologists, paralegals.... They are not, as a rule, much better paid than traditional skilled workers, but they see themselves as "professionals.” Just as unskilled manual workers in manufacturing were the dominant social and political force in the 20th century, knowledge technologists are likely to become the dominant social--and perhaps also political--force over the next decades.
Peter Drucker
As a rule, white abolitionists either defended the industrial capitalists or expressed no conscious class loyalty at all. This unquestioning acceptance of the capitalist economic system was evident in the program of the women's rights movement as well. If most abolitionists viewed slavery as a nasty blemish which needed to be eliminated, most women's righters viewed male supremacy in a similar manner-as an immoral flaw in their otherwise acceptable society. The leaders of the women's rights movement did not suspect that the enslavement of Black people in the South, the economic exploitation of Northern workers and the social oppression of women might be systematically related.
Angela Davis