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Feb 8, 2022 · First, depicting the double movement as a process of dis-embedding and re-embedding understates the significance of the disembedded economy and the challenges of resolving the double movement within capitalism.
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One such difference is the interpretation of Polanyi’s...
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Mar 9, 2018 · If one insists that democracy is more than the minimalist concept proposed by Joseph Schumpeter and takes the imperative of political equality and Hans Kelsen’s dogma of “autonomous norms” seriously, the present form of financialized “disembedded capitalism” poses considerable challenges to democracy.
- Wolfgang Merkel
- wolfgang.merkel@wzb.eu
- 2014
Feb 1, 2022 · The merits and limits of his analysis are outlined in this article through the discussion of three core Polanyian concepts — disembedded economy, decommodification and countermovement.
- Geoff Goodwin
In the following section, we explain how disembeddedness results in the relegation of democracy and the public interest to the "noneconomic" sphere of social life. We then turn from the disembedded economy to a discussion of an embedded economy.
Jul 10, 2021 · Global capitalism seems to be placing democracy, especially liberal democracy, under considerable stress. Support for populism has surged, especially for extreme right parties with populist and authoritarian programs.
How are we to understand the relationship between capitalism and democracy? This issue is on the public agenda again. “Is Capitalism a Threat to Democracy?” asks an article in The New Yorker. “Are Capitalism and Democracy Compatible?” asks the Huffington Post.
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Apr 30, 2024 · And this remains another aspect of Polanyi’s analysis: his apprehension regarding democratic futures—or more specifically, the challenge to democracy brought about by the political backlash against disembedded structures.