Einstein, Russell and the Doomsday of Capitalism

Posted on May 25, 2010


After the Hiroshima and Nagasaki destruction, a group of scientists felt the responsibility to warn the public about the  impending peril of a nuclear holocaust. Since 1947, the Bulletin of the Atomic Scientists bears on its front page a “Doomsday Clock” which marks the changing status of the Humanity’s proximity to a global disaster.Then, in 1955, the “Russell-Einstein Manifiesto” started the path to the Pugwash Conferences on sciences and World Affairs to the same aim, which won the 1995 Nobel Prize.

While the Peace aspirations and the preoccupation for the climate change are Politically Correct topics easily embraced by any Big Interest Corporation’s PR Dept., they carefully hide the political opinions of these praised great men. Recently, a post in the COTO Report brought to the front the firm stance of Albert Einstein against the irrationality of Capitalism.

The economic anarchy of capitalist society as it exists today is, in my opinion, the real source of the evil. We see before us a huge community of producers the members of which are unceasingly striving to deprive each other of the fruits of their collective labor — not by force, but on the whole in faithful compliance with legally established rules.

On the other hand, he was conscious of the perils of  became the subjects of an overreaching State Bureaucracy. So, the dilemma is still present and more actual than ever: how can the rights of the individuals be preserved while keeping the financial capitalists compulsive lean to cyclical disasters at bay?

Perhaps the time arrived to revisit Silvio Gesell’s theory of  money to disengage local markets from international speculation which was in John M. Keynes mind to build a post-war regulatory authority. The same one thwarted by the American bankers lobby at Bretton Woods.