Karl’s Legacy | Polanyi on Polanyi

The video explores the speaker's journey in managing the literary legacy of their parents, focusing on their mother's historical impact and the organization of a conference for Karl Polanyi. It highlights the establishment of an institute at Concordia University and reflects on the appreciation of Polanyi's work. The concept of 'great financialization' is introduced, discussing its effects on corporations, households, and governments.

What responsibility did the speaker take on after their mother's passing?

• Overseeing the literary legacy of their parents

• Writing a biography of their father

• Organizing international conferences

• Managing the family's business

What was the main purpose of the Centenary Conference held in 1986?

• To celebrate the speaker's birthday

• To promote neoliberal policies

• To honor Karl Polanyi's scholarly work

• To discuss the Hungarian Revolution

Why did the speaker choose to donate their collection to Concordia University?

• Because it was their alma mater

• To gain financial benefits

• To ensure continued support for the institute

• To avoid donating to Hungary or Vienna

What was the speaker's role in the institute at Concordia University?

• Financial advisor

• Lead researcher

• No formal position

• Director of the institute

What influenced the speaker's growing appreciation of their father's work in the 1980s?

• A family tradition

• A new academic position

• A personal revelation

• The rise of neoliberalism

What term did the speaker coin to describe the increasing influence of finance?

• Financial revolution

• Economic transformation

• Great financialization

• Monetary expansion

How has the classic American corporation changed according to the speaker?

• It has become more consumer-focused

• It has become financialized

• It has increased its workforce

• It has reduced its product range

What is a significant impact of financialization on households?

• Stable pension plans

• Increased savings

• Reduced debt

• Dependence on finance

What challenge do European governments face due to financialization?

• Increased trade barriers

• Dependence on bond markets

• Lack of technological advancement

• Overproduction of goods

What societal change is linked to financialization according to the speaker?

• Long-term planning

• Increased consumerism

• Decreased technology use

• Stable economic growth