Help us reach 100,000 subscribers and gain access to more studio time! Please hit the red SUBSCRIBE button above. ^^^We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: https://www.patreon.com/economicupdate Economic Update: [S9 E20] Living in a Socialist EconomyTHIS WEEK'S TOPICS (w/timestamps): 00:52 - Updates on Warren Buffet and socialism; 02:30 - the college admissions scandal in the U.S.; 05:57 - how lobbyists reflect and worsen inequality; 08:08 - North and South Carolina teachers’ strike for better education; 09:34 - and how NDAs (non-disclosure agreements) reflect and worsen workplace inequalities across global capitalism; 14:21 - announcements. 15:11 - SPECIAL GUEST: Prof. Wolff interviews Victor Grossman, an American who lived and worked in socialist Germany across the entire history of the GDR.Read the full episode transcript here: https://www.democracyatwork.info/eu_l... Follow us ONLINE: Patreon: https://www.patreon.com/economicupdate Websites: http://www.democracyatwork.info/econo... http://www.rdwolff.com Facebook: http://www.facebook.com/EconomicUpdate http://www.facebook.com/RichardDWolff http://www.facebook.com/DemocracyatWrk Twitter: http://twitter.com/profwolff http://twitter.com/democracyatwrk Instagram: http://instagram.com/democracyatwrk Subscribe to our podcast: http://economicupdate.libsyn.com Shop our Store: http://bit.ly/2JkxIfy Prof. Wolff's latest book "Understanding Marxism" http://bit.ly/2BH0lkL Want to help us translate and transcribe our videos? Learn about joining our translation team: http://bit.ly/2J2uIHH Jump right in: http://bit.ly/2J3bEZR ---------------------------------------------------------------------Victor Grossman, born Stephen Wechsler, a New York red-diaper baby of the 1930s, joined the Communist Party as a Harvard student. Fleeing the U.S. Army during the McCarthy Era, he swam the Danube River to the Soviet Zone of Austria and was sent to East Germany. There, he studied journalism and became a freelance writer and popular speaker. He was pardoned by the U.S. Army in 1994 and, in 2003, published an autobiography, Crossing the River: A Memoir of the American Left, the Cold War, and Life in East Germany ((U. of Mass.Press). Victor Grossman will be visiting Washington, DC from May 15-May 18 on a national book tour of his latest book weighing problems of GDR socialism and modern capitalism entitled A Socialist Defector: From Harvard to Karl-Marx-Allee by Monthly Review press.
TagsRichard Wolff democracy work labor economy economics inequality justice capitalism socialism Germany strikes teachers education Warren Buffet Berkshire Hathaway South Carolina NDAs globalization lobbyists lobbying college admissions scandal higher education student loan debt debt profits yt:cc=on Victor Grossman