UK Business

The Great Transformation by Karl Polanyi is a classic critique of capitalism – but it wasn’t an overnight success

Written by Gareth Dale, Reader in Political Economy, Brunel University London

According to Polanyi, the expansion of market society brought not peace and prosperity, but economic collapse, fascism and war.Everett Collection/Shutterstock

Hungarian social theorist Karl Polanyi is best known for his exploration of the collapse of liberal institutions that occurred between 1914 and 1945. His book, The Great Transformation,...

More Articles ...

Physical retail roars back: Christmas 2025 expected to be the biggest in years
Physical retail is back and it’s booming. Shopping centres across Australia are preparing for one of the biggest Christmas …
Australian franchise powerhouse, Success Tutoring, kicks off Canadian launch targeting 120 Locations by 2029
Success Tutoring, the world’s fastest-growing personalised learning franchises, is officially launching in Canada, with plans…
Jim’s Group relaunches Jim’s Legal — bringing accessible, affordable legal services to everyday Australians
Jim’s Group, one of Australia’s most trusted household brands, has announced the fresh launch of its national division, Jim…
As AI leader Nvidia posts record results, Warren Buffett’s made a surprise bet on Google
Fortune Live Media, CC BY-NC-NDThe world’s most valuable publicly listed company, US microchip maker Nvidia, has report…
New data shows the ACT and Queensland’s economies are beating the rest of the nation
The Australian Capital Territory and Queensland have won bragging rights for having the fastest growing economies in Australi…
Real wages have grown – just – over the past year. But they’re still down near 2011 levels
New data show wages have risen by a bit more than inflation, but overall real wages are still languishing near 2011 levels.Ov…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

Understanding the Importance of Property Valuation Services in Darwin
Introduction Darwin’s property market is known for its unique blend of residential, commercial, and rural investments. With constant changes in market demand, infrastructure development, and lifestyle shifts, understanding the real value…

Discover the Different Types of No Parking Signs and Their Meanings
No parking signs are an important part of keeping our roads safe and orderly. They provide drivers with clear instructions about where they can and cannot park their vehicles. Knowing…
Voiceless and vulnerable, NZ's gig workers faced more risk with fewer protections during the pandemic
GettyImagesLargely overlooked in the recent easing of COVID restrictions has been the unequal impact on marginalised groups such as gig workers. While for much of the past two years there…
Insider trading has become more subtle
Michael Douglas in Wall Street: Money Never Sleeps (2010)Insider trading comes in two main forms: arguably legal and clearly illegal. But, as with drugs in sport, it’s hard to tell…

Brisbane’s brightest recognised: Daniel Mikus and James Rolph win Specialist Services Award at the 2025 Brisbane Young Entrepreneur Awards - again

Young Brisbane entrepreneurs Daniel Mikus and James Rolph, cofounders of MR Group, have been officially crowned winners of the Specialist Services...

Members greenlight merger of Regional Australia Bank and Summerland Bank

Regional Australia Bank and Summerland Bank will proceed with a merger after members approved the move at their Annual General Meetings this week...

DesignStreet marks 27 years with a bold rebrand

In a fast-moving industry defined by continuous disruption, one independent creative agency is proving that longevity and innovation can go hand i...

Deputy partners with SuperAPI to streamline employee onboarding and help get shift-based industries ready for PayDay Super

Deputy, the global people platform for shift-based work, has announced a new partnership with SuperAPI, marking a major enhancement to its HR pro...

KuCoin invests in Australian sponsorships of the ACC, plus a major campaign with golf icon Adam Scott

KuCoin, a leading global crypto platform built on trust, announced the appointment of James Pinch as the Australian Managing Director, the establish...

Australian companies pitching to the world’s wealthiest investors

#CapTech 2025 to bring world investors to Australia’s doorstep One of Australia’s leading business and capital events is bringing together inves...