Albert Einstein on capitalism

[YWOC]

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. 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 legislature. 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.
It is referred to as the dictatorship of the bourgeoisie.

He wrote this in his book Why Socialism? in the year 1949

lmao @ Einstein knowing exactly what was gonna happen in the USA 70 years ago. Keep being scared of socialism though plebs while the middle class continues to disappear.

The USA is an oligarchy now thanks in large part to capitalism, according to a Princeton study. http://www.washingtontimes.com/news/...epublic-unive/

Hmmm, isn't that exactly what Einstein said?

Oh, and also that Congress literally doesn't care what you think: https://represent.us/action/theproblem-4/

Imagine that, ANOTHER thing Einstein predicted correctly! This Einstein dude seemed like a pretty smart guy.

[YWOC]

bump, not expecting you brain dead *******s to be able to comprehend all the big words he's saying tho

[Mr.PissShivers]

If Albert Einstein is so smart, why is he dead?

[ctownballer04]

Why don't we quote Albert Einstein on Quantum Mechanics? He was dead wrong about that too.

[Freek314]

Einstein wasn't an economist, retard.

Yes, I've read this before and yes, I do study economics. I spend far too much time arguing with anti-reality leftists who can't understand scarcity already.

[Jimmy255]

albert's wife manipulated him just so she could go on tour with him and be in the spotlight. it was often stated his wife enjoyed the spotlight far more than he did, and he has plenty of quotes fapping over her and saying nonsensical **** in regards to her even though their relationship was rocky at best. he was a bit like the fake miscers, tried to act alpha and put her in her place but kept falling for her manipulations.

[VabaX]

Why don't we quote Albert Einstein on Quantum Mechanics? He was dead wrong about that too.

Einstein wasn't an economist, retard.

Yes, I've read this before and yes, I do study economics. I spend far too much time arguing with anti-reality leftists who can't understand scarcity already.

these.
guy could do straight math, gotta give him that, but he didnt know chit about economics.
and also, just because something might seem a certain way on paper doesnt mean that's what happens IRL, especially with economics. thats probably the one biggest difference between this guys math and his economics; he's smart, but still naive enough to think it works the same way

[E90LCI]

If Albert Einstein is so smart, why is he dead?

so true

[kilu]

cliffs: the rich control you , voting won't matter, ppl don't have a voice, etc etc etc..

what else is new

[Freek314]

cliffs: the rich control you , voting won't matter, ppl don't have a voice, etc etc etc..

what else is new

Not even close. This is saying that private ownership of the means of production (factories, for example) should be done away with entirely.

Socialism is basically government running everything AKA what we have now, but with even more government idiocy.

They can never even properly define capitalism, I've found. It's always some cartoonish representation of it.

[BieberFeverBrah]

Very strange to see all these miscers saying Einstein knew nothing about economics. I guess you think that it is far too complicated a topic for Einstein, just way beyond his intellectual grasp?

Stupid Einstein.

Incidentally, he predicted an outcome of capitalism that just happened to turn out to be 100% true, and that is also looked upon with skepticism, by some lifters who like WWE and Pokemon, on an Internet forum.

I just can't

[Freek314]

Very strange to see all these miscers saying Einstein knew nothing about economics. I guess you think that it is far too complicated a topic for Einstein, just way beyond his intellectual grasp?

Stupid Einstein.

Incidentally, he predicted an outcome of capitalism that just happened to turn out to be 100% true, and that is also looked upon with skepticism, by some lifters who like WWE on an Internet forum.

I just can't

perfect timing, right after I posted something discrediting your BS.

BRB, huge central government controlling nearly every aspect of trade

hurr durr CAPITALISM IS BAD

[dizzin9]

If Albert Einstein is so smart, why is he dead?

[jbball92]

fukking lol leave it to a chiraq pleb to promote socialism

[BieberFeverBrah]

perfect timing, right after I posted something discrediting your BS.

BRB, huge central government controlling nearly every aspect of trade

hurr durr CAPITALISM IS BAD

my BS? I haven't even posted an opinion.

I just think it's odd that miscers are discrediting Einstein's ability to grasp economics. A bit weird don't you think? I am pretty sure economic concepts were accessible to one of the smartest people to ever live. Maybe I'm just crazy.

And by the way, your posts about economics are wandering and nonsensical. This Einstein quote merely points out that capitalism tends to have a suffocating effect on representative democracy.

The things he predicted are demonstrably true. Do you deny that we have elected representatives who don't really represent us, but rather powerful monied interests?

And here you're talking about the means of production for some reason...it's like you're posting in the wrong thread of something.

[kilu]

Not even close. This is saying that private ownership of the means of production (factories, for example) should be done away with entirely.
]

uwot .. that is what exactly it implies.. private ownership leads to deep pockets on greedy ****z that can't be checked by 3rd parties, and in a system that elects their leader by voting by the masses will be influenced by social outlets n those outlets are controlled by whoever can afford it .

do you wanna private ownership these pixels too?

fuk u i **** on you all i dont care lmfao

cliffs: the rich control you , voting won't matter, ppl don't have a voice, etc etc etc..

[Freek314]

my BS? I haven't even posted an opinion.

I just think it's odd that miscers are discrediting Einstein's ability to grasp economics. A bit weird don't you think? I am pretty sure economic concepts were accessible to one of the smartest people to ever live. Maybe I'm just crazy.

Yeah, you pretty much are crazy.

I don't care how smart you think someone is... people have fields of knowledge. I wouldn't ask a pro BBer to build a rocket, I wouldn't ask a bestselling author to create GMO foods, and I wouldn't ask a physicist to teach me economics.

[Freek314]

uwot .. that is what exactly it implies.. private ownership leads to deep pockets on greedy ****z that can't be checked by 3rd parties, and in a system that elects their leader by voting by the masses will be influenced by social outlets n those outlets are controlled by whoever can afford it .

do you wanna private ownership these pixels too?

fuk u i **** on you all i dont care lmfao

cliffs: the rich control you , voting won't matter, ppl don't have a voice, etc etc etc..

Real capitalism is anarchist in nature. No leaders to elect, you pleb.

[BieberFeverBrah]

Yeah, you pretty much are crazy.

I don't care how smart you think someone is... people have fields of knowledge. I wouldn't ask a pro BBer to build a rocket, I wouldn't ask a bestselling author to create GMO foods, and I wouldn't ask a physicist to teach me economics.

ok then, it's settled; Einstein could not possibly know anything about economics. It was just too obscure and complicated for him, no possible way he could have learned anything about it. How could he work on the theory of relativity AND become versed in Economics at the same time?

/thread

[keels141]

The rich taking advantage of the poor has seeped into nearly every aspect of life, it is quite sad to see. The wealth divide is just getting bigger and bigger in every aspect of life. There is a lot less money to be made from labour these days and there is so much capital being invested by a tiny minority of the population that just compounds on itself, further increasing that wealth divide.

The rich can afford better housing in better areas, demand for this is high and supply is fixed which causes prices to increase further. The rich living in these houses have access to better jobs, better quality of life, more equity in their housing which they can reinvest and multiply their wealth.

Capitalism is basically bridled greed, it is definitely not an ideal system. I can see the benefits to socialism, obviously a few drawbacks as well.

[Freek314]

ok then, it's settled; Einstein could not possibly know anything about economics. It was just to obscure and complicated for him, no possible way he could have learned anything about it. How could he work on the theory of relativity AND become versed in Economics at the same time?

/thread

I study economics. It is PLAINLY obvious to ANYONE that studies economics seriously that socialism/communism are complete bullsht based in anti-reality gibberish. They are philosophies that attempt to justify themselves using flawed economic models and outright dishonesty.

[chiseledmanbeef]

He wrote this in his book Why Socialism? in the year 1949

lmao @ Einstein knowing exactly what was gonna happen in the USA 70 years ago. Keep being scared of socialism though plebs while the middle class continues to disappear.

The middle class isn't disappearing, the lower class is just growing

[jbball92]

obviously a few drawbacks as well.

one of which, that it will never work because it requires people to be infallible

[Freek314]

The rich taking advantage of the poor has seeped into nearly every aspect of life, it is quite sad to see. The wealth divide is just getting bigger and bigger in every aspect of life. There is a lot less money to be made from labour these days and there is so much capital being invested by a tiny minority of the population that just compounds on itself, further increasing that wealth divide.

The rich can afford better housing in better areas, demand for this is high and supply is fixed which causes prices to increase further. The rich living in these houses have access to better jobs, better quality of life, more equity in their housing which they can reinvest and multiply their wealth.

Capitalism is basically bridled greed, it is definitely not an ideal system. I can see the benefits to socialism, obviously a few drawbacks as well.

Can you tell me why you believe that you live in a capitalist system?

[kilu]

Yeah, you pretty much are crazy.

I don't care how smart you think someone is... people have fields of knowledge. I wouldn't ask a pro BBer to build a rocket, I wouldn't ask a bestselling author to create GMO foods, and I wouldn't ask a physicist to teach me economics.

who says one can't explore other fields of knowledge?

wait wat if a rocket scientist becomes a bodybuilder at age 40? or vice versa

[Mr.PissShivers]

What does a picture of Mr. Burns when he was in college have to to with anything?

[VictorJustice]

This is the way to go: https://en.wikipedia.org/wiki/National-Anarchism

[Conspiracybrah]

I always lol when people talk about our system as "capitalism". Governments have become more and more involved in the economy for over a century now. You cannot blame a system that is not in existence for everything that is happening today.

[Freek314]

who says one can't explore other fields of knowledge?

wait wat if a rocket scientist becomes a bodybuilder at age 40? or vice versa

Then good on them, but why would you listen to them over the experts that have spent decades studying?

Professor [Max] Planck, of Berlin, the famous originator of the Quantum Theory, once remarked to me that in early life he had thought of studying economics, but had found it too difficult! Professor Planck could easily master the whole corpus of mathematical economics in a few days. He did not mean that! But the amalgam of logic and intuition and the wide knowledge of facts, most of which are not precise, which is required for economic interpretation in its highest form is, quite truly, overwhelmingly difficult for those whose gift mainly consists in the power to imagine and pursue to their furthest points the implications and prior conditions of comparatively simple facts which are known with a high degree of precision.

— John Maynard Keynes

And trust me, I think Keynes was a sht economist as well.

[Freek314]

This is the way to go: https://en.wikipedia.org/wiki/National-Anarchism

Post-capitalism.... yeah, good luck with that lol