Capitalism Karl Polanyi, the Human Factor (Season 1, Episode 6)
TV Episode | 320 min | Documentary, History

Primary photo for Karl Polanyi, the Human Factor

Capitalism

Karl Polanyi, the Human Factor (Season 1, Episode 6)

TV Episode | 320 min | Documentary, History

Karl Polanyi's life's work was to reintegrate society and economy - with the latter serving the former. Taking us on a journey from ancient Sumeria to the towers of Frankfurt, this episode of CAPITALISM argues that commercial transactions ...See moreKarl Polanyi's life's work was to reintegrate society and economy - with the latter serving the former. Taking us on a journey from ancient Sumeria to the towers of Frankfurt, this episode of CAPITALISM argues that commercial transactions have always been embedded in social norms, and that a self-regulating market economy is in no way a natural state of human affairs. The thought of political economist Karl Polanyi, author of The Great Transformation, is central to this exploration. Polanyi said that industrialization and the first wave of globalized economy had led to labor, money and nature being treated like commodities, with potentially disastrous results - the kind being played out on the streets of Athens, where unemployment is over 20%, neo-fascism is on the rise, and rioters face down police over harsh austerity measures that benefit foreign bankers. Debt levels around the world are rising, and the webs of who owns whose debt are becoming ever more complex. Could the commodification of money ultimately be as disastrous - both for individuals and businesses - as floods, drought and earthquakes? See less

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7 cast members

Name	Known for
Robert Boyer Self Self See fewer	Capitalism (2014)
David Graeber Self Self See fewer	The Great NHS Heist (2019)
Michael Hudson Self Self See fewer	Capitalism (2014)
Thomas Piketty Self Self See fewer	Capital in the Twenty-First Century (2019)
Kari Polanyi Levitt Self Self See fewer	Capitalism (2014)
Abraham Rotstein Self Self See fewer	Capitalism (2014)
Yanis Varoufakis Self Self See fewer	Adults in the Room (2019)

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