Why Socialism?

Article by Albert Einstein

"Why Socialism?" is an article written by Albert Einstein in May 1949 that appeared in the first issue of the socialist journal Monthly Review.[1] It showed problems with capitalism, economic competition, and an increasing wealth inequality. It talks about control of mass media by private capitalists making it difficult for citizens to be truthfully informed, and political parties being influenced by rich backers. Einstein said that these problems can only be corrected with planned economy which keeps a strong democracy to protect the rights of individuals.[2]

ReferencesEdit

  1. Rowe, David E.; Schulmann, Robert, eds. (2007). "Soviet Russia, Political Economy, and Socialism, 1918–1952". Einstein on Politics: His Private Thoughts and Public Stands on Nationalism, Zionism, War, Peace, and the Bomb. Princeton University Press. p. 432. ISBN 978-0691120942. JSTOR j.ctt46n3rd. LCCN 2006100303.
  2. Einstein, Albert (May 2009) [May 1949]. "Why Socialism?". Monthly Review. Vol. 61, no. 1. pp. 55–61. doi:10.14452/MR-061-01-2009-05_7. Archived from the original on 13 March 2016. Retrieved 18 January 2014.