Einstein on Capitalism and Education

From an essay by Albert Einstein on capitalism:

“This crippling of individuals I consider the worst evil of capitalism. Our whole educational system suffers from this evil. An exaggerated competitive attitude is inculcated into the student, who is trained to worship acquisitive success as a preparation for his future career.”

I disagree with Einstein about the viability of socialism for the reasons that he describes in his closing paragraphs: it will just degenerate into a massive bureaucracy that employs the same mechanisms of control that he says are at work transforming democratic capitalism into oligarchy.

What I think we need instead is a minimally but carefully regulated grassroots capitalism.

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