Why Socialism?
Production
is carried on for profit, not for use. There is no provision that all those
able and willing to work will always be in a position to find employment; an
“army of unemployed” almost always exists. The worker is constantly in fear of
losing his job. Since unemployed and poorly paid workers do not provide a
profitable market, the production of consumers’ goods is restricted, and great
hardship is the consequence. Technological progress frequently results in more
unemployment rather than in an easing of the burden of work for all. The profit
motive, in conjunction with competition among capitalists, is responsible for
an instability in the accumulation and utilization of capital which leads to
increasingly severe depressions. Unlimited competition leads to a huge waste of
labor, and to that crippling of the social consciousness of individuals which I
mentioned before.
