"The existence of a free market does not of course eliminate the need for government. On the contrary, government is essential both as a forum for determining the "rules of the game" and as an umpire to interpret and enforce the rules decided on. What the market does is to reduce greatly the range of issues that must be decided through political means, and thereby to minimize the extent to which government need participate directly in the game."

"The existence of a free market does not of course eliminate the need for government. On the contrary, government is essential both as a forum for determining the "rule of the game" and as an umpire to interpret and enforce the rules decided on."

Like all fundamentalists who get their clammy hands on the levers of power, the market fanatics are going to kill off every humane, life-enhancing, generous, imaginative and decent corner of our public life.... Market fundamentalism, this madness that's infected the human race, is like a greedy ghost that haunts the boardrooms and council chambers and committee rooms from which the world is run these days. The greedy ghost understands profit all right. But that's all. What he doesn't understand is enterprises that don't make a profit, because they're set up to do something different. He doesn't understand libraries at all....

What most people really object to when they object to a free market is that it is so hard for them to shape it to their own will. The market gives people what the people want instead of what other people think they ought to want. At the bottom of many criticisms of the market economy is really lack of belief in freedom itself.

For Polanyi the deepest flaw in market liberalism is that it subordinates human purposes to the logic of an impersonal market mechanism.

There is a powerful case for the market mechanism, but it is not that markets are perfect; it is that in a world dominated by imperfect understanding, markets provide an efficient feedback mechanism for evaluating the results of one's decisions and correcting mistakes.

Equality and justice demand only a society so organized that every single human being will — from birth through adolescence and maturity — find therein equal means, first for maintenance and education, and later, for the exercise of all his natural capacities and aptitudes.

Political parties and tendencies always have differed, and always will differ, chiefly in the relative importance they give to economic and social phenomena, in how they approach them and how to explain them, and in their opinions on the best way to organize economic life. There is absolutely nothing wrong with that. But that is as far as it goes. Right-wing dogmatism, with its sour-faced intolerance and fanatical faith in general precepts, bothers me as much as left-wing prejudices, illusions, and utopias….By the way, it is a great mistake to think that the marketplace and morality are mutually exclusive. Precisely the opposite is true; the marketplace can work only if it has its own morality-a morality generally enshrined in laws, regulations, traditions, experiences, customs-in the rules of the game, to put it simply. No game can be played without rules. (It is no coincidence that many ancient religious books come with a moral codex and something like a set of regulations for commerce.)

"Necessary policemen, firemen, street cleaners, health officers, judges, legislators and executives perform productive services as important as those of anyone in private industry. They make it possible for private industry to function in an atmosphere of law, order, freedom and peace. But their justification consists in the utility of their services. It does not consist in the "purchasing power" they possess by virtue of being on the public payroll."

If a whole people is oriented toward the search for justice or purity, if it obeys in depth the primacy of the spiritual, it does not suffer from the lack of material things, just as we today do not feel the inverse need of the spiritual.

Law and order exist for the purpose of establishing justice.

I think that if we are going to reform the world, and make it a better place to live in, the way to do it is not with talk about relationships of the political nature… I think that kind of approach starts it at the end and presumes the end is the beginning. Programs of a political nature are important and products of social quality that can be effective only if the underlying structure of social values is right. The social values are right only if the individual values are right.

It was evidently quite obvious to a powerful intellect like his that the one essential condition for a healthy society was equal distribution of goods - which I suspect is impossible under capitalism. For, when everyone's entitled to get as much for himself as he can, all available property, however much there is of it, is bound to fall into the hands of a small minority, which means that everyone else is poor.

In order to sell anything, you need demand. We are not trying to create demand. We are trying to channel it. That is a very important distinction. If you don’t have a market for your offer, nothing that follows will work. This entire book sits atop the assumption that you have at least a “normal” market, which I define as a market that is growing at the same rate as the marketplace and that has common unmet needs that fall into one of three categories: improved health, increased wealth, or improved relationships.