Capitalism does not always get what it needs, including from capitalists, because capitalists do not necessarily do what capitalist society needs. Hence the needs of capitalism do not explain the actions of capitalists. Capitalists are not capitalism; they are themselves market-dependent actors within — which is to say, subject to — capitalism. This means in part that the needs of capitalism are a concept of limited explanatory power: needs can go unmet, breakdown is possible. "Interests," as the economic sociologist Karl Polanyi explained, "like intents, remain platonic unless they are translated into politics by the means of some social instrumentality." That is to say, how social needs are met is itself in need of explanation. That meeting of needs is heavily constrained by the weight of history and social forces — path dependency is real; people do not make history in the manner of their own choosing. At the same time, whether or not capitalism's needs are met is in important respects a contingent outcome, taking place in historical time through the behavior of contending social actors — people do make history, using partial, situated, and fallible knowledge.
— Nate Holdren, Injury Impoverished (2020)













