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an article written by Einstein in 1949.
In the inaugural May 1949 edition of socialist magazine Monthly Review, Einstein argued that private capital “tends to become concentrated in few hands”, resulting in “an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society”.
“Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education).
In the inaugural May 1949 edition of socialist magazine Monthly Review, Einstein argued that private capital “tends to become concentrated in few hands”, resulting in “an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society”.
“Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education).