“From the Great Transformation to the Great Financialization: on Karl Polanyi and Other Essays” by
by Kari Polanyi, with an afterword from Samir Amin
http://www.karipolanyilevitt.com/from-the-great-transformation-to-the-great-financialization-on-karl-polanyi-and-other-essays-by-kari-polanyi-with-a-foreword-from-samir-amin/
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In Canada, Kari Levitt is known for her path-breaking study Silent Surrender (1970, 2002), which warned of the consequences of permitting industries to be dominated by multinational corporations. In the Caribbean the author is known for her work on the persistence of the Plantation Economy (2009), from slavery to the present. In From the Great Transformation to the Great Financialization, Kari Levitt draws on the insights of her father Karl Polanyi’s classic The Great Transformation to set the financial crisis of 2008 in the perspective of the predatory financialization of the Western heartlands of capitalism. The author traces the return of capitalism to its mercantilist origins in commerce and conquest, and the return of Asia to the stage of world history in the autumn of American empire. The most surprising aspect of the on-going multi-faceted global crisis has been the resilience of the South in resuming strong economic growth compared with the inability of Western governments to save the economic livelihoods of millions.
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