Ep 2: Why Socialism? by Albert Einstein
Channel: The Socialist Experiment
Date: 2024-01-21

"Why Socialism?" is an article written by Albert Einstein in May 1949 that appeared in the first issue of the socialist journal Monthly Review. It addresses problems with capitalism, predatory economic competition, and growing wealth inequality. It highlights the control of mass media by private capitalists making it difficult for citizens to arrive at objective conclusions, and political parties being influenced by wealthy financial backers resulting in an "oligarchy of private capital". Einstein concludes that these problems can only be corrected with a planned economy that maintains a strong democracy to protect the rights of individuals.

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Public Sources:
https://monthlyreview.org/2009/05/01/why-socialism/
https://en.wikipedia.org/wiki/Why_Socialism%3F

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Chapters:
0:00 Intro
0:00:23 Ep2: Why Socialism?
0:01:29 Reading of Why Socialism? by Albert Einstein
0:17:26 Conclusion