Economic Update: Living in a Socialist Economy

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[S9 E20]

This week on Economic Update, Professor Wolff delivers updates on the college admissions scandal in the U.S., how lobbyists reflect and worsen inequality, North and South Carolina teachers’ strike for better education and how NDAs (non-disclosure agreements) reflect and worsen workplace inequalities across global capitalism. 

In the second half of the show, Professor Wolff interviews Victor Grossman, an American who lived and worked in socialist Germany across the entire history of the GDR.

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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.


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