Essay on why capitalism is bad

The predatory situation Einstein observes is one of extreme alienation among all classes; “All human beings, whatever their position in society, are suffering from this process of deterioration. Unknowingly prisoners of their own egotism, they feel insecure, lonely, and deprived of the naïve, simple, and unsophisticated enjoyment of life. Man can find meaning in life, short and perilous as it is, only through devoting himself to society.” Einstein believed that devotion should take the form of a socialist economy that promotes both the physical wellbeing and the political rights of everyone. But he did not presume to know exactly what such an economic future would look like, nor how it might come into being. Read his full essay, "Why Socialism?" here .

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During the Industrial Revolution , industrialists replaced merchants as a dominant factor in the capitalist system and affected the decline of the traditional handicraft skills of artisans , guilds, and journeymen . Also during this period, the surplus generated by the rise of commercial agriculture encouraged increased mechanization of agriculture. Industrial capitalism marked the development of the factory system of manufacturing, characterized by a complex division of labor between and within work process and the routine of work tasks; and finally established the global domination of the capitalist mode of production. [42]

Essay on why capitalism is bad

essay on why capitalism is bad

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