On 9th Nov. 1921,Albert Einstein was awarded the Nobel Prize in Physics. Because relativity was still considered somewhat controversial, it was officially bestowed for his explanation of the photoelectric effect.The International Union of Pure and Applied Physics named 2005 the \”World Year of Physics\” in commemoration of the 100th anniversary of the publication of the annus mirabilis papers.
In his article \”Why Socialism?\” published in 1949 in the Monthly Review, Einstein described a capitalist society, a source of evil to be overcome, as the \”predatory phase of human development\”. He came to the following conclusion:
I am convinced there is only one way to eliminate these grave evils [capitalism], namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals. In such an economy, the means of production are owned by society itself and are utilized in a planned fashion. A planned economy, which adjusts production to the needs of the community, would distribute the work to be done among all those able to work and would guarantee a livelihood to every man, woman, and child. The education of the individual, in addition to promoting his own innate abilities, would attempt to develop in him a sense of responsibility for his fellow men in place of the glorification of power and success in our present society