 Carl Polani died in 1964. My mother then cared for the literary legacy, the translations and publications. Quite a few translations, French to Spanish and so. But when my mother died that responsibility came to me. I have no brothers or sisters and nobody else and so I really considered that I were now concerned myself with the letter. Literary legacy of my father and I have been doing that ever since. My mother has her own history and it is a history of eminent participation in the revolutions which put an end to the First World War 1918 specifically the Hungarian Revolution and she is known for her activities there and when she died the Hungarian Embassy in Ottawa asked whether they could please Buddha permit them to have a funeral and give her semi-state honors and be buried in Hungary. I was totally amazed at this request and I said well certainly not. However eventually I know my mother and my father will wish to rest in Budapest but first you must honor Carl Polani as well as his wife Ilona. Probably the best way to do that is to organize some event respecting his scholarly work. And with much negotiation this is exactly what happened. We managed to have a centenary conference in 1986 that is a hundred years from the birth of Carl Polani. By this time I had invited a former student of mine, Marguerite Mendel, whose thesis was about the work of Carl Polani to work with me. She assisted in organizing that conference in Budapest. Incidentally the politics were that I could invite all the international participants but they at that time would invite the local Hungarian participants. At this meeting it was really a moment of reflection. I was very conscious of the rise of neoliberalism in its worst manifestations. This was the era of Thatcher and Reagan respectively implementing those kinds of policies, abolishing progressive taxation and all the rest of them you know what they are. And I said how can we continue this? This can't be a one-on-one once-only conference. And Marguerite Mendel undertook to propose to her university at Concordia whether they would consider hosting an institute and that is what happened. And so that institute was set up at Concordia University. I made available on a lone basis the document and many years later I think in 2017 I decided to donate this collection to Concordia. It was a very nice event and there is a video in which I explained why I donated it not to Hungary or not to Vienna and not to McGill but to Concordia. And incidentally it is I made illegal provision in that donation that they would continue to support the institute for another 10 years for at least 10 years. So we have that but other than that I have no position no formal position in the institute. People assume that because I grew up in this home and with always a close relationship with my father and a person we always had with both of my parents a good relationship that I learned something since I was so high from my father. We were following his footsteps of course. That really is not how it happened. I must have read the great transformation but it was not the kind of revealing event that it was for many other people. I really began to appreciate my father's work much more from the time from the 1980s on. Partly because I became much more familiar with it but it is also because I think the time is let us say for all the same reasons that many other intellectuals within the social sciences or in other areas have come to appreciate the work of Carl Polanyi. I joined them in that appreciation. This book is a collection of essays that were assembled and put between two covers of the book in 2013. And by that time I really had noticed that the growth of the financial sector, finance, insurance, real estate within the economies of the advanced countries was disturbing. Growth of various kinds of financial assets including derivatives of original assets and so forth was of a scale that was I think significant and that is why I coined this phrase of great financialization. I think since that time it has become increasingly recognized as the Ong Tan report of 2018, 17 and 18 pointed out that the global economy is driven by global finance now. That to quote it is not trade or technology but rather finance and I'm quoting more or less from the Ong Tan report that has been driving the world, the global economy for the past three decades quote unquote. Now when I coined that word I was not aware I think of the significance of having coined this phrase of great financialization. It has increased it because what this is doing it in my view it has for instance destroyed the what used to be the classic American corporation, classic American corporation used to produce products and and sell them on an ever-increasing scale. It incidentally employed a lot of people and incidentally satisfied a lot of consumers. That was a classic corporation of the 1950s, 60s or 70s but increasingly this has become financialized. Increasingly the shareholders are financial conglomerates of various kinds, pension funds, investment funds, other kinds of financial funds and it has come with the maximizing of shareholder value as the metric of success of a corporation was what could be more financial than that and it has had that effect of financializing the cooperation but it's goes beyond that as Polanyi explained if you if an economy is driving the society the society then reflects that our society's households have become financialized, the degree to which yes households are dependent on finance. Pensions are no longer based on some average of the last years incomes they're based on the earnings of the pension funds with all its ups and downs. We know about all the mortgage indebtedness and student loans and all the rest of it without going into detail. The fact is that whether it's the non-financial cooperation or whether it is the household sector of the economy they have become increasingly financialized and then we come to the government and one of the problems particularly noticeable in Europe is the degree national governments have become dependent on the bond markets and in the case of Europe they don't even they can't even print their own money anymore they have the euro you have an economy that is increasingly as I say financialized in the society that is increasingly short-term views and that goes along with the information technology and with this with the consumerism and the shortest desire somehow of young people particularly to have immediate results but not young people only for everything to be immediate and that is in my view there is closely related to financialization.