By putting government and politics into the center of economic analysis, Polanyi makes it clear that today’s vexing economic problems are almost entirely political problems. This can effectively change the terms of modern political debate: Both left and right today focus on “deregulation”—for the right it is a rallying cry against the impediments of government; for the left it is the scourge behind our current economic inequities. While they differ dramatically on its desirability, both positions assume the possibility of a “non-regulated” or “non-political” market. Taking Polanyi seriously means rejecting the illusion of a “deregulated” economy. What happened in the name of “deregulation” has actually been “reregulation,” this time by rules and policies that are radically different from those of the New Deal and Great Society decades. Although compromised by racism, those older regulations laid the groundwork for greater equality and a flourishing middle class. Government continues to regulate, but instead of acting to protect workers, consumers, and citizens, it devised new policies aimed to help giant corporate and financial institutions maximize their returns through revised anti-trust laws, seemingly bottomless bank bailouts, and increased impediments to unionization.
The implications for political discourse are critically important: If regulations are always necessary components of markets, we must not discuss regulation versus deregulation but rather what kinds of regulations we prefer: Those designed to benefit wealth and capital? Or those that benefit the public and common good?
Follow this link to find a short clip and analysis that considers intersections of privilege and colonialism.
Can never reblog this enough
Especially the first map…Ethiopia alone is unconquered.
I’ve seen the second image more than any.
One of the most sinister things about normalized racism is you don’t have to have bad intentions to be racist, you just have to remain ignorant.
It is illegal for women to go topless in most cities, yet you can buy a magazine of a woman without her top on at any 7-11 store. So, you can sell breasts, but you cannot wear breasts, in America.
In every society of the world, gender is a basis for social stratification—the division of large numbers of people into layers according to their relative property, power, and prestige. In no society is gender the sole basis of stratifying people, but gender cuts across all systems of social stratification—whether slavery, caste, or class. In all of these systems, on the basis of their gender, people are sorted into categories and given different access to the good things available in their society.
Apparently these distinctions always favor males. It is remarkable, for example, that in EVERY society of the world men’s earnings are higher than women’s. Men’s dominance is even more evident when we consider female circumcision. That most of the world’s illiterate are females also drives home women’s relative position in society. Of the several hundred million adults who cannot read, about two-thirds are women. Because gender is such a significant factor in what happens to us in life, we should focus on it more closely.