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Harry Ainlay answered Why was capitalism invented?

  • Tom Monto
  • Sep 12, 2020
  • 1 min read

Updated: Mar 26, 2023

Harry Ainlay,

Edmonton city councillor (and later mayor) and prominent Edmonton CCF-er,

had this to say:


Capitalism was invented to make profits regardless of the welfare of the people.

(The People's Weekly, June 9, 1945)

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History | Tom Monto Montopedia is a blog about the history, present, and future of Edmonton, Alberta. Run by Tom Monto, Edmonton historian. Fruits of my research, not complete enough to be included in a book, and other works.

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