Polanyi Hundred Year's Peace Analysis

From above discussion, 4 points are extracted on Polanyi’s war theory. Firstly, his evaluation of “Hundred Year’s Peace” turns a complete about-face. While he evaluates highly the peace with various reservations in TGT, he says it is just fake peace in CFP, and the evaluation nosedives. Next, the cause of war he assumes changes clearly. In TGT the ultimate cause of war is the collapse of the international gold standard system, and political elements are out of consideration. War happens by breaking up the international gold standard through international financier (merchant banker); that is, the break makes them create no monetary credit, and none of the credit cannot be supplied to each country, therefore, the peace made by international
There is continuing on an alliance because he appreciates Wilson so high, but the reference is only the existence of an alliance. However, in CFP the idea that each alliance ultimately prevents war is expressed. Furthermore, he points out a probability/ danger of abandoning of alliance by partner, and needs of open alliance which citizen can recognize (as long as possible). The forming of a confederacy means creation of a community from two groups, so the problem who is our member is born from an alliance. Unification of an alliance and community is not seen in TGT, rather community theory is entirely-focused on the relation with archaic society. He starts the discussion from the alliance for the achievement of peace, and shifts it to the community for mediation upon publicity in CFP; therefore, his alliance develops into issues how we can make super-national
The Former is his own interpretation of imperialism at that time, and it has four elements as a factor; that is, the self-regulating market, the international gold standard system, the balance of power system, and liberal state. Each factor functioned in the economic/ political and domestic/ international realm and kept the world. (See Figure 2.) On the other hand, the latter is ideal future vision appearing after the former, and it was insisted upon realization in TGT. “Complex society” reaches international social connection, and will be able to solve a danger of human life brought by economy; therefore, starvation and poverty will not become a problem for individuals, and human welfare will grow rife. The fruition of embedded market which controls the economy by society differs from “nineteenth-century