After the political and economic crisis in the 1970s the U.S. went for further liberalism. In reference to Silver and Arrighi, explain why the US went on to neo-liberalism in time of crisis.
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- 2021.05.31
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Q. After the political and economic crisis in the 1970s the U.S. went for further liberalism. In reference to Silver and Arrighi, explain why the US went on to neo-liberalism in time of crisis.
In Karl Polanyi’s book, he suggests the concept called ‘double movement.’ The idea of the concept is that there is a power struggle between groups that pursues complete independence of the economy and that counts the market to be controllable to society.
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