Tag Archives: commodification

A New Vision for the Left I: Legacy

Tolstoy observed that there are only two essential questions: how shall we live, and what should be done? A vision effectively answers these two questions.

But the left’s vision is no longer as compelling as it once was. The failures of socialist and social-democratic movements in the 20th century and new challenges in the 21st century demand a rethinking. The absence of a compelling and viable worldview has allowed far-right, populist movements to step into the breach and make headway everywhere.

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Why Polanyi and Not Marx?

A recent Marxist critique of Karl Polanyi’s theoretical approach concludes that there is nothing wrong with the latter that cannot be remedied by a major infusion of key Marxist concepts. Benjamin Selwyn and Satoshi Miyamura in their 2014 New Political Economy article display an impressive grasp of Polanyian as well as Marxist categories. Yet, in their critique, they never consider why Polanyi, who was both knowledgeable of, and sympathetic to, Marxism in his early and middle years, eventually broke with Marxism to forge his own analytical path. Might he not have had good reasons for doing so? Continue reading