The Economical and Political Impacts of the Double Activity that Influenced the Cultural Transformation in the 19th Century
Polanyi’s Double Movement
Polanyi opens his conversation with the “nineteenth-century
civilization features collapsed” (Polanyi 3). Polanyi theorizes the
double movement to make clear the downfall of the nineteenth-century
civilization. The double movements contains two contradicting
movements caused by the marketplace system and world. Furthermore,
Polanyi uses cost-effective and political impacts of the dual movement
to describe cultural transformations.
the double motion, Polanyi claims that four institutions composed
the nineteenth-century civilization. The four establishments were: the
balance of power program, the international gold regular, the
self-regulating marketplace, and the liberal talk about (Polanyi 3). In
addition, Polanyi believes “that the total amount of power, the gold
common, and the liberal condition…were… shaped in a single common
matrix, the self-regulation industry” (Polanyi 31). Because of the
self-regulating industry, the Industrial Revolution occurred. The
Industrial Revolution bring about the to the primary movement in try to
create market utopia.
general framework to go over civilizations downfall was the decline
of classical liberal idea and the progression of laissez-faire.
Polanyi describes the earliest movement as industry liberalism or economic
liberalism, generally known as laissez-faire through the nineteenth-century