Fascism or Democracy
Karl Polanyi and the Dilemma of Modern Society
Abstract
The objective of this article is to interpret from the work of Karl Polanyi the political, economic and social alternatives of modern society in the face of the crisis of contemporary capitalism. Firstly, we will specify the problem of the article and the interpretive position from which we will approach it. Secondly, we will evaluate the validity of his critique of the liberal utopia of the self-regulating market in the light of neoliberal model. Thirdly, we will examine the different alternatives that society faces in the presence of the incompatibility shown by the self-regulating market economy and democratic institutions. Finally, we will expose the theoretical and practical significance that Polanyi’s thought can have in solving this important problem for the future of humanity in the 21st century.
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