Kari Polyani Levitt\
From the Great Transformation to the Great Financialization
On Karl Polanyi and Other Essays
Four years into the unfolding of the most serious economic crisis since the 1930s, Karl Polanyi’s prediction of the fateful consequences of unleashing the destructive power of unregulated market capitalism on peoples, nations and the natural environment has assumed new urgency and relevance. The system of unregulated or free market capitalism has a propensity towards crisis, which is reflected in both the dynamics of the Great Depression of the 1930s and the advent of the new world order of neoliberal globalization of the 1980s, ushering in “the great financialization.”
Independent Thought and Caribbean Community
Caribbean governments have been quick to implement policies of deregulation, liberalization and privatization. They have been supported by their intellectuals who have been equally quick too embrace globalization and too ready to concede the end of national sovereignty.