Karl Polanyi criticizes the way society itself is increasingly treated as
a mere “appendage to the market”.
"The economy is no longer imbedded in social relationships;
instead the social relationships are imbedded in the economic system."
Karl Polanyi (historian of economics)
The problem is that the social relationships
become subjugated to the market
principle,
to economic thinking.
The society thus becomes a subsystem
of
the economy, it becomes “economized”.
