The Great Transformation Three Centuries Later: Double Movement, ‘Marketspeak’ and Sacrifice

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Title: The Great Transformation Three Centuries Later: Double Movement, ‘Marketspeak’ and Sacrifice
Author: Stocchetti, Matteo
Publisher: Helsinki Collegium for Advanced Studies
Date: 2013-11-19
Language: en
Belongs to series: COLLeGIUM: Studies across Disciplines in the Humanities and Social Sciences 14
ISBN: 978-952-10-9545-0
ISSN: 1796-2986
Abstract: In this article I make four main points. First, that the populist inclination to blame the victim severely misconstrues the nature and implications of the current crisis. Secondly, core among these implications and re-reading Karl Polanyi, is the likelihood that in the age of hegemonic capitalism there may be no ‘countermovement’ in response to the disruptions produced by the market utopia. From this possibility emerges, in my view, the intellectual imperative of tackling a ‘new great transformation’: something that Polanyi could not foresee. Thirdly, I look at ‘marketspeak’ as the discourse that may have effaced the sources of the ‘countermovement’ by re-construing society itself as ontologically dependent on the market – rather than as an entity capable of defensive response – construing freedom as insecurity and the ‘citizen’ as ‘consumer’. Finally, I point to the rhetoric of sacrifice as the point of saturation of ‘marketspeak’ and to the problem of violence, associated with it, a core element in the political significance of this crisis and a dilemma that the leaders committed to the preservation of the market utopia cannot afford to ignore.
Subject: double movement
great transformation
market utopia
economic crisis
Subject (ysa): taloudelliset kriisit
Rights: © Stocchetti 2013

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