Essay on capitalism socialism and communism

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. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economyaccompanied by an educational system which would be oriented toward social goals.

Since, under present circumstances, free and unhindered discussion of these problems has come under a powerful taboo, I consider the foundation of this magazine [ Monthly Review ] to be an important public service. A planned economy, which adjusts production to the needs of the community, would distribute the work to be done among all those able to work and would guarantee a livelihood to every man, woman, and child.

Clarity about the aims and problems of socialism is of greatest significance in our age of transition.

It is critically important, therefore, to ensure that a system is in place to protect the rights of the individual.

In such an economy, the means of production are owned by society itself and are utilized in a planned fashion.

Contents[ edit ] According to Einstein, the profit motive of a capitalist societyin conjunction with competition among capitalists, leads to unnecessary cycles of booms and depressions, and ultimately encourages selfishness instead of cooperation.

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

The economic anarchy of capitalist society as it exists today is, in my opinion, the real source of the evil. 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.

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.

This results in the "crippling of individuals" and the erosion of human creativity. The education of the individual, in addition to promoting his own innate abilities, would attempt to develop in him a sense of responsibility for his fellow men in place of the glorification of power and success in our present society.

Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information press, radio, education.A wake-up call to everyone who allowed allusions to the gap between rich and poor to pass without critical judgment. Because the gap is a sign of the OPPOSITE of what those who always point to it want you to think.

Contents. According to Einstein, the profit motive of a capitalist society, in conjunction with competition among capitalists, leads to unnecessary cycles of booms and depressions, and ultimately encourages selfishness instead of cooperation.

Why Socialism?

In addition, the educational system of such a society would be severely undermined because people will educate .

Download
Essay on capitalism socialism and communism
Rated 5/5 based on 89 review