Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Production is carried on for profit, not for use. There is no provision that all those able and willing to work will always be in a position to find employment; an “army of unemployed” almost always exists. The worker is constantly in fear of losing his job. Since unemployed and poorly paid workers do not provide a profitable market, the production of consumers’ goods is restricted, and great hardship is the consequence. Technological progress frequently results in more unemployment rather than in an easing of the burden of work for all. The profit motive, in conjunction with competition among capitalists, is responsible for an instability in the accumulation and utilization of capital which leads to increasingly severe depressions. Unlimited competition leads to a huge waste of labor, and to that crippling of the social consciousness of individuals which I mentioned before.
From a 1949 essay by Albert Einstein:
Production is carried on for profit, not for use. There is no provision that all those able and willing to work will always be in a position to find employment; an “army of unemployed” almost always exists. The worker is constantly in fear of losing his job. Since unemployed and poorly paid workers do not provide a profitable market, the production of consumers’ goods is restricted, and great hardship is the consequence. Technological progress frequently results in more unemployment rather than in an easing of the burden of work for all. The profit motive, in conjunction with competition among capitalists, is responsible for an instability in the accumulation and utilization of capital which leads to increasingly severe depressions. Unlimited competition leads to a huge waste of labor, and to that crippling of the social consciousness of individuals which I mentioned before.
Why Socialism
In the wake of technological advances which increasingly benefit only the rich, I think everyone should open their minds to the possibility of what the world could be instead.
From a 1949 essay by Albert Einstein:
Production is carried on for profit, not for use. There is no provision that all those able and willing to work will always be in a position to find employment; an “army of unemployed” almost always exists. The worker is constantly in fear of losing his job. Since unemployed and poorly paid workers do not provide a profitable market, the production of consumers’ goods is restricted, and great hardship is the consequence. Technological progress frequently results in more unemployment rather than in an easing of the burden of work for all. The profit motive, in conjunction with competition among capitalists, is responsible for an instability in the accumulation and utilization of capital which leads to increasingly severe depressions. Unlimited competition leads to a huge waste of labor, and to that crippling of the social consciousness of individuals which I mentioned before.
Why Socialism
In the wake of technological advances which increasingly benefit only the rich, I think everyone should open their minds to the possibility of what the world could be instead.
I think what he was saying there referred to the 'manufactured needs' aspect of modern capitalism.From a 1949 essay by Albert Einstein:
Production is carried on for profit, not for use. There is no provision that all those able and willing to work will always be in a position to find employment; an “army of unemployed” almost always exists. The worker is constantly in fear of losing his job. Since unemployed and poorly paid workers do not provide a profitable market, the production of consumers’ goods is restricted, and great hardship is the consequence. Technological progress frequently results in more unemployment rather than in an easing of the burden of work for all. The profit motive, in conjunction with competition among capitalists, is responsible for an instability in the accumulation and utilization of capital which leads to increasingly severe depressions. Unlimited competition leads to a huge waste of labor, and to that crippling of the social consciousness of individuals which I mentioned before.
Why Socialism
In the wake of technological advances which increasingly benefit only the rich, I think everyone should open their minds to the possibility of what the world could be instead.
Production is carried on for profit, not for use.
People buy the things they use. I guess we could make things that people don't want to buy?
We could create a huge organization to direct this unwanted production.
We could give this organization the power to confiscate money from Americans to fund this unwanted production.
We could call it government.
I'm sure it will be much better at deciding what people should use, better than the people can decide for themselves.
There's a broad spectrum from pure capitalism to pure socialism. Most economies are a mix and we need a mix that's further from capitalism. Capitalism dies without growth and we've reached the limit of growth.From a 1949 essay by Albert Einstein:
Production is carried on for profit, not for use. There is no provision that all those able and willing to work will always be in a position to find employment; an “army of unemployed” almost always exists. The worker is constantly in fear of losing his job. Since unemployed and poorly paid workers do not provide a profitable market, the production of consumers’ goods is restricted, and great hardship is the consequence. Technological progress frequently results in more unemployment rather than in an easing of the burden of work for all. The profit motive, in conjunction with competition among capitalists, is responsible for an instability in the accumulation and utilization of capital which leads to increasingly severe depressions. Unlimited competition leads to a huge waste of labor, and to that crippling of the social consciousness of individuals which I mentioned before.
Why Socialism
In the wake of technological advances which increasingly benefit only the rich, I think everyone should open their minds to the possibility of what the world could be instead.
Been tried before...Weren't you paying attention?
Ignore what he says at your own peril.I wan tto know what Angelina Jolie thnks about capitalism. That will decide things for me!
I think what he was saying there referred to the 'manufactured needs' aspect of modern capitalism.From a 1949 essay by Albert Einstein:
Production is carried on for profit, not for use. There is no provision that all those able and willing to work will always be in a position to find employment; an “army of unemployed” almost always exists. The worker is constantly in fear of losing his job. Since unemployed and poorly paid workers do not provide a profitable market, the production of consumers’ goods is restricted, and great hardship is the consequence. Technological progress frequently results in more unemployment rather than in an easing of the burden of work for all. The profit motive, in conjunction with competition among capitalists, is responsible for an instability in the accumulation and utilization of capital which leads to increasingly severe depressions. Unlimited competition leads to a huge waste of labor, and to that crippling of the social consciousness of individuals which I mentioned before.
Why Socialism
In the wake of technological advances which increasingly benefit only the rich, I think everyone should open their minds to the possibility of what the world could be instead.
Production is carried on for profit, not for use.
People buy the things they use. I guess we could make things that people don't want to buy?
We could create a huge organization to direct this unwanted production.
We could give this organization the power to confiscate money from Americans to fund this unwanted production.
We could call it government.
I'm sure it will be much better at deciding what people should use, better than the people can decide for themselves.
Capitalism works every time it's tried. You make something, you sell it, if they're happy and you're happy you can do it again. What screws it up is when a bystander with no invested interest decides he's entitled to a piece of the action because he too, breathes air.If capitalism benefits society at large it is entirely an unintended consequence. Capitalism is not a religion. Contrary to conservative dogma it is not heresy to criticize it or admit it's shortcomings.
Capitalism works to do what? It so utterly fails to raise the standard of living across all social classes that social programs are absolutely required. If it was so perfect an economic system there would never be any need of social programs.Capitalism works every time it's tried. You make something, you sell it, if they're happy and you're happy you can do it again. What screws it up is when a bystander with no invested interest decides he's entitled to a piece of the action because he too, breathes air.If capitalism benefits society at large it is entirely an unintended consequence. Capitalism is not a religion. Contrary to conservative dogma it is not heresy to criticize it or admit it's shortcomings.
Really? So we've always had a social net? You think history started in 1968?Capitalism works to do what? It so utterly fails to raise the standard of living across all social classes that social programs are absolutely required. If it was so perfect an economic system there would never be any need of social programs.Capitalism works every time it's tried. You make something, you sell it, if they're happy and you're happy you can do it again. What screws it up is when a bystander with no invested interest decides he's entitled to a piece of the action because he too, breathes air.If capitalism benefits society at large it is entirely an unintended consequence. Capitalism is not a religion. Contrary to conservative dogma it is not heresy to criticize it or admit it's shortcomings.
Nope, history proves that unfettered capitalism without a social safety net results in so many poor and hungry that the safety net was instituted to keep the rabble from dragging the rich out and hanging their self-involved asses.Really? So we've always had a social net? You think history started in 1968?Capitalism works to do what? It so utterly fails to raise the standard of living across all social classes that social programs are absolutely required. If it was so perfect an economic system there would never be any need of social programs.Capitalism works every time it's tried. You make something, you sell it, if they're happy and you're happy you can do it again. What screws it up is when a bystander with no invested interest decides he's entitled to a piece of the action because he too, breathes air.If capitalism benefits society at large it is entirely an unintended consequence. Capitalism is not a religion. Contrary to conservative dogma it is not heresy to criticize it or admit it's shortcomings.
So you do think history started in 1968. It took that long for the unfetted evil of capitalism to bubble to the surface. Your teacher substituted the medieval cast system under kingdoms for capitalism to train you.Nope, history proves that unfettered capitalism without a social safety net results in so many poor and hungry that the safety net was instituted to keep the rabble from dragging the rich out and hanging their self-involved asses.
I am speaking of the mid 19th to early 20th century where a long series of financial panics kept a sizable middle class from forming in America. The socialist party and militant labor unions started doing well in response because it was clear that no working man would ever get ahead with such corrupt unregulated capitalism sucking away America's life force. The rich were doing well but everyone else, not so much.So you do think history started in 1968. It took that long for the unfetted evil of capitalism to bubble to the surface. Your teacher substituted the medieval cast system under kingdoms for capitalism to train you.Nope, history proves that unfettered capitalism without a social safety net results in so many poor and hungry that the safety net was instituted to keep the rabble from dragging the rich out and hanging their self-involved asses.
Because of cronyism, business in bed with government, exactly what libs are going back to and the rich are getting richer and the divide wider again.I am speaking of the mid 19th to early 20th century where a long series of financial panics kept a sizable middle class from forming in America. The socialist party and militant labor unions started doing well in response because it was clear that no working man would ever get ahead with such corrupt unregulated capitalism sucking away America's life force. The rich were doing well but everyone else, not so much.So you do think history started in 1968. It took that long for the unfetted evil of capitalism to bubble to the surface. Your teacher substituted the medieval cast system under kingdoms for capitalism to train you.Nope, history proves that unfettered capitalism without a social safety net results in so many poor and hungry that the safety net was instituted to keep the rabble from dragging the rich out and hanging their self-involved asses.
There is nothing capitalism is willing to do that prevents the rich from taking over the government and running it for themselves, another side-effect of letting the capitalists run loose. Also I cannot believe you used such a crappy cop-out. Also Citizen's United was the biggest victory the plutocrats have had in decades and republicans made it happen over the objections of Liberals.Because of cronyism, business in bed with government, exactly what libs are going back to and the rich are getting richer and the divide wider again.I am speaking of the mid 19th to early 20th century where a long series of financial panics kept a sizable middle class from forming in America. The socialist party and militant labor unions started doing well in response because it was clear that no working man would ever get ahead with such corrupt unregulated capitalism sucking away America's life force. The rich were doing well but everyone else, not so much.So you do think history started in 1968. It took that long for the unfetted evil of capitalism to bubble to the surface. Your teacher substituted the medieval cast system under kingdoms for capitalism to train you.Nope, history proves that unfettered capitalism without a social safety net results in so many poor and hungry that the safety net was instituted to keep the rabble from dragging the rich out and hanging their self-involved asses.
