“The danger was to the single enterprise—industrial, agricultural, or commercial insofar as it was affected by changes in the price level. For under a market system, if prices fell, business was impaired; unless all elements of cost fell proportionately, ‘going concerns’ were forced to liquidate, while the fall in prices might have been due not to a general fall in costs, but merely to the manner in which the monetary system was organized. Actually, as we shall see, such was often the case under a self-regulating market.”

-Karl Polanyi in The Great Transformation, on the danger of the financialization of society and the fiction of market self-regulation