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Karl Polanyi

“In reality, the part played by fascism was determined by one factor: the condition of the market system.

During the period 1917-23 governments occasionally sought fascist help to restore law and order: no more was needed to set the market system going. Fascism remained undeveloped.

In the period 1924-29, when the restoration of the market system seemed ensured, fascism faded out as a political force altogether.

After 1930 market economy was in a general crisis. Within a few years fascism was a world power.”

Karl Polanyi, The Great Transformation: The Political and Economic Origins of Our Time
tags: fascism
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The Great Transformation: The Political and Economic Origins of Our Time The Great Transformation: The Political and Economic Origins of Our Time by Karl Polanyi
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