It was obvious to Einstein, back in the forties, much like George Orwell......modern day prophets.
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Private capital tends to become concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of smaller ones.

The result of these developments is an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society. This is true since the members of legislative bodies are selected by political parties, largely financed or otherwise influenced by private capitalists who, for all practical purposes, separate the electorate from the legislature.

The consequence is that the representatives of the people do not in fact sufficiently protect the interests of the underprivileged sections of the population.

Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quite impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights.

cods wrote on Jan 6^th, 2014 at 7:05am:

Its like your view of socialism stopped in the 1960 with the cold war propaganda and you never bothered to actually research it yourself to see what it really is. I'm not saying that if you did some of your own research you would like it anymore but at least you would disagree with it for your own informed reasons instead of for misconceived reasons deliberately planted by others intent on deluding you. You really do need to do some reading otherwise you'll just continue looking foolish with comments like the one below. Socialism isn't about sharing $$$ equally.  Don't you feel silly hating an idea that someone in your formative years told you was "Bad" and yet in truth you know absolutely nothing about.  And if so how can you be confident that you are any less brainwashed then some poor North Korean, devoted to her or his Dear Leader.  Read about it and then hate it for what it is and you will be respected for that.

Can't agree with Albert.

The inherent dangers of Socialism far outweigh the drawbacks of Capitalism.

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In short.  It can't.

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The opposite is true.

Socialism cripples individualism and Capitalism embraces it.

Socialism is basically doomed unless all individuals are selfless which isn't going to happen naturally.

Selflessness in the main from an individual will be limited to their family and friends.

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I have to wonder if Albert would write the same words today having witnessed the collapse of most of the socialist dictatorships going around. 

OF all the discredited ideologies, why's it always socialism that attracts the social outcasts?  Why not nazism, or...anything really?  It's hard to find a more bloodthirsty, murderous ideology than socialism.  Maybe the (erroneous) prospect of revenge on the cruel world is precisely what entices these bitter, disaffected losers.

Perhaps Einsteins folly can be explained and forgiven - the worst massacres of socialism came after this was written, and an aspie like him is bound to feel bitter and disaffected. 

Listen to him on matters of physics and the like, but you'd have to be a complete and utter moron to think an aspies commentary on social matters would be of any value.

The irony is that Einstein would not have been allowed an opinion in many of the socialist led governments of earlier years. Adolf was indeed a socialist (The Nationalist Socialist German Workers Party) and used the german economic crisis after WW1 to further his ambitions which would ultimately lead to Einstein seeking refuge in capitalist America, or alternatively returning to his homeland to be sent to a concentration camp.

ImSpartacus2 wrote on Jan 6^th, 2014 at 8:55am:




TELL ME WHAT HAS CHANGED... FOR THE BETTERMENT OF MANKIND.. SINCE THE 60s????


JUST ONE THING WILL DO>>.


your judgemental ego wouldnt have thats for sure..

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