Riding the Orange Wave to a Moral Economy?

Yesterday was an historic day in the province of Alberta. After 44 years in power, the Progressive Conservative (PC) party was unseated by the New Democratic Party (NDP). Most people I know feel like they have just witnessed the impossible. Some have downplayed the NDP’s historic win as more a reflection of dissatisfaction with the PCs than affiliation with the NDP. In light of all of this, I couldn’t help but think about Karl Polanyi’s (1957) classic thesis regarding the ‘double-movement’ of capitalism.  Polanyi argued that, try as they might, free market advocates can never completely disembed markets from society. Markets are always embedded in society in one way or another. For example, markets depend upon families and schools for the social reproduction of labor power. They also depend upon welfare programs that support surplus labor during economic downturns. This emdeddedness is the site of a constant struggle between the movement towards the liberalization of markets from outside interference and a counter-movement seeking to regulate and constrain market forces to respect and protect human life and communities. What we see reflected in our politics is a constant tension between classical economists’ dream of a pure self-regulating market and the social desire for a moral and humane economy. In ways I think we witnessed the counter-movement to Alberta’s decades-long experiment in resource-dependent liberal economics. The social fabric was fraying. I think people could feel this. The NDP represented a social democratic alternative to the social conservatism of the PC party and the Wildrose Party. The question remains, will Alberta ride the orange wave to a moral economy?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: