Liberalism generates the counter-movements that eventually restrain it

Evidence

Counter-­movements historically have emerged from a diverse set of constituencies that included “workers, peasants, industrialists and landowning elites,” who mobilized to demand national restrictions on markets (Goodwin 2018, 1271). … One of the most noteworthy implications of the double-­movement theory, then, is its view of liberalism as an incubator of its own destruction even when (or precisely when) it appears to be omnipotent. — Aris Komporozos-Athanasiou, Speculative Communities, 400

Categorization

• XREF: Connects to the reader’s finance/imagination focus: Polanyi’s double-movement as a mechanism by which market speculation triggers its own social response. — connects to: Democracy and liberalism can be decoupled and even opposed — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 235; Spiritual and countercultural protest gets absorbed harmlessly by the system

Broader Connections

• Spiritual and countercultural protest gets absorbed harmlessly by the system #corroborates (0.82)
• Democracy and liberalism can be decoupled and even opposed #corroborates (0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 235