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News Briefs 27-10-2023

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Quote of the Day:

Capitalist society as it exists today is, in my opinion, the real source of evil. 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…

…Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information. 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.

Albert Einstein (1949)

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