"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 . 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."
React to this quote
More by Albert Einstein
See allResonant Thoughts
"Large-scale riots in East Pakistan have compelled over two lakh Hindus and other minorities to come over to India. Indians naturally feel incensed by the happenings in East Bengal. To bring the situat…"
Explore Further
Related Quotes
"But the myth of power is, of course, a very powerful myth, and probably most people in this world more or l…"
— Gregory Bateson"Our constitutional history started with the States retaining all powers of sovereignty unimpaired, save tho…"
— Calvin Coolidge"There is an abundance of power to be found in simplicity."
— Steve Maraboli"If something becomes common enough to turn into a ritual, and then starts to involve really large numbers o…"
— James Burke (science historian)"Why, then, are the world's governments intent on controlling and regulating the Internet? Free speech is mo…"
— Heather Brooke"Ingels: "Any body of men who believe in hell will persecute whenever they have the power."
— Joseph McCabe
