Transforming Of The Market Society - 1573 Words

Sosc essay 3 Christian Yong Professor Cameron Johnston AP/SOSC1140 9 February 2016 Transforming to the Market Society We currently live in a market society that is completely different from past societies. In market society, the society is a system of self-regulating market as a whole (Polanyi 43). People are needed to act and think in particular ways for the market society to function (Polanyi 68). For instance, people in market society believe that economic relations are more needed than interpersonal relations (Polanyi 44). Polanyi calls the emergence of market society â€Å"the great transformation†. My thesis is the change to market society is a fundamental transformation due to market society being characterized by self-regulation, fictitious commodities and an emphasis on individuals, which are considerably different from past societies. A number of the differences that take place under the workplace in the system of market society will also be shown. Furthermore, the thoughts that people have about the world in market society will be explained by pointing out the association between t he â€Å"spirit of capitalism† and the â€Å"protestant work ethic†. Lastly, the reasons why these ideological conditions are essential to the emergence of market society will be provided. The first characteristic of market society that causes the change to market society essential is that within the economy there is self-regulation and it is defined as â€Å"market economy† (Polanyi 68).Show MoreRelatedSilks and Religion in Eurasia Essay1103 Words   |  5 Pagessilk market was consistently changing and innovating. Many different people through out history have had the honor to wear this delicate and valuable fabric such as: priest, emperors, elite officials, and even some merchants. 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