From Satanic Mills to Machine Learning Western Technology and Global Markets in the 19th and 20th Centuries

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Francesco della Porta, "From Satanic Mills to Machine Learning: Western Technology and Global Markets in the 19th and 20th Centuries"
English | ISBN: 311074435X | 2022 | 193 pages | EPUB, PDF | 3 MB + 2 MB
In the Biden multipolar era, Western Democracies face a dilemma: Should they keep marching behind the free market band, or should they engage the Asia new powers in a collegial governance of the common goods? This book looks for precedents that may guide deliberation. When the first age of globalization collapsed into WWI, Carl Polanyi wrote: "While the various shades of anti-democrats each have their own story of the world catastrophe, the democrat has yet to produce his own" (Polanyi 2018, 177). The interwar period is described through the eyes of five witnesses: J.M. Keynes recalls the surreal Versailles conference; E. Canetti, K. Polanyi, and G. Ferrero reflect on the relationship among power, markets, and the people. In the opposite field, F. von Hayek argues for a supranational agency which may ensure global free trade, bypassing the distortions national democracies procure to global markets. For a few years in the 1990s the WTO embodied von Hayek's utopia.

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