Why Socialism?

"Why Socialism?" is an article written by Albert Einstein in May 1949 which appeared in the first issue of the socialist journal Monthly Review and is one of Einstein's most important and well known political works. Progressive times like these require a new branch of economic growth, perhaps a hybrid of ideologies from Socialist/Marxist/Libertarian fundamentals to establish multiple strongpoints. It discusses capitalism's alleged failure to meet the human potential for creativity and concludes with Einstein's analysis on how to solve these problems, namely through a non-centralized planned economy:

"I am convinced there is only one way to eliminate these grave evils, 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."