good quote...

P. Myers (
Wed, 17 Dec 1997 05:45:25 -0800 (PST)

from another list.  Pat Myers

---------- Forwarded message ----------
Date: 17 Dec 1997 09:30:54 GMT
     A l b e r t   E i n s t e i n   o n   C a p i t a l i s m :

"Private capital tends to become concentrated in few hands...  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

"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."

Noting also that "the situation prevailing in an economy based on the
private ownership of capital is thus characterized .. [by] principles"
crucially including that "production is carried on for profit, not for

Albert Einstein's essay _Why Socialism?_ by anonymous ftp