Einstein on the downsides of capitalism
Summary
- Einstein did not like many of hte aspects of capitalism
Details
- Some of the things he mentioned:
- Disparities of wealth
- cycles of boom and depression
- unemployment
- selfishness rather than serving others
- work for a career rather than love of work and creativity
References
Quotes
“Why Socialism?”
In it he argued that unrestrained capitalism produced great disparities of wealth, cycles of boom and depression, and festering levels of unemployment. The system encouraged selfishness instead of cooperation, and acquiring wealth rather than serving others. People were educated for careers rather than for a love of work and creativity. And political parties became corrupted by political contributions from owners of great capital.