Why Socialism?

May 1949

An essay written for the first issue of Monthly Review. In it, Einstein addresses problems with capitalism, predatory economic competition, and growing wealth inequality. He highlights control of mass media by private capitalists making it difficult for citizens to arrive at objective conclusions, and political parties being influenced by wealthy financial backers resulting in an "oligarchy of private capital". Einstein concludes that these problems can only be corrected with planned economies to maintain a strong democracy and protect the rights of individuals.

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Albert Einstein


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