Economic Update: Lawyers VS The System

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Economic Update: [S9 E18] Lawyers vs. The System

THIS WEEK'S TOPICS (w/timestamps):
00:54 - Updates on how U.S. college students have become share-croppers for investors;
04:16 - conservatives' fake opposition to government intervention in the economy;
07:33 - the deepening inadequacy of retirement savings of baby boomers in the U.S.;
10:56 - and how the disappearing middle class in the U.S. leads many first to blame, or rather scapegoat, foreigners and then their own fellow citizens;
14:43 - announcements.
15:12 - SPECIAL GUEST: Prof. Wolff interviews Michael Steven Smith on his new book, Lawyers for the Left.

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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.

[democracyatwrk]

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[EllChorizo]

"I'll believe corporations are persons the day they get a colonoscopy". Now that's a brilliant quote I'm gonna steal and use, thanks !

[denisecolumbia]

I'm Gen X - turned 50 in Jan. I have nothing for retirement. As a single parent, and the only child, I've spent everything I've earned taking care of the people I love who cannot take care of themselves for various reasons. And emergencies pop up much faster than wage increases. My retirement plan is a long walk off of a short pier at this point.

[clarestucki]

Not only do most people nearing retirement have little or no savings, but those who livied frugally and managed to save some money, now discover that their savings only buy a tiny fraction of what the money could have bought at the time they saved it!

[bradleyp]

"We only got two parties. We got Tweedledum and Tweedledee". How apt is this description of the US political parties.

[publicdomain]

Hedges says it best, "They know what is coming". When we all get on the same page the battle for the record of history will be forever altered and up in the air as all hell is set loose.

[theicyridge]

What a fantastic interview. Stick around for it.

[alan_jackson_jihad]

I graduate from law school on Monday. Thanks for the pick me up Doc.

[suzanadee]

Great show! The few humane lawyers, who dont serve corporate interests, but the public good. Good professionals, not money hungry and performing good services are hard to find in our greedy, money driven society

[theelectricant]

As a philosophy student who is currently studying for the LSAT, I appreciate this interview greatly!!

[minimom]

Funniest line: I'll believe a corporation is a person when they have a colonoscopy - great interview. Brought me back to a different time that this generation will never know - until /unless they look into the broken mirrors to see truth...The more love in your life the less stuff you want - then & only then will you possess righteous anger to stand up to power! .
I'm 74, my generation majored in teaching, social sciences & law because we wanted to contribute to society. We didn't have student loans & there were lots of jobs so our basic needs were easily met - money wasn''t our motivator - love was! We were in love with this Earth & "all creatures great & small" There were no strangers in our life.

[merryyoule]

Once again. you call our attention to important developments in this country, developments that should have more light shone upon them. Thank you.

[judymeyer]

I get this channel in my "The Real News Network newsletter" daily

[tj]

Dr. Wolff, we baby- boomers are a huge demographic and we are starved for trustworthy retirement asset management. I suggest this topic as a worthy and mutually beneficial focus for Democracy At Work.

[annford]

Good evening, Dr. Wolff. The first site I search for in "Subscriptions" each new week. ;)

[Blackout]

Excellent show!! Democracy starts with liberty and justice! We have allowed an society that lacks equality on so many levels. It’s unfair to just call out the economic inequality!! This country was build on inequality! Slavery the original sin that America still hasn’t made whole or equal! So this whole thing about equality needs to be met all the way down the line!

[ossie]

Outstanding lecture Dr. Wolff! Representative Omar brings honesty to Congress, so she is being attacked by all the liars, of which there is no shortage in the "Democratic Party". Go Warren and Sanders, and the Green New Deal!!! Thank you AOC for all you do.

[dannywindham]

I pledge allegiance to the flag of the United corporations of America. And to the shareholders to which it belongs. 1 oligarchy under a non-existent god with liberty and justice for the 1%.

[cjinpa]

I love this show and Dr. Fraad’s. Really great stuff. Never miss an episode. Hopefully I can become a patron soon but until then, already subbed and you always get a thumbs up from me. 👍 ♥️🙂

[parishj]

INVITE Anand Giridharadas!!!! His book on the elite charade and philanthropy would be a great conversation between you two and would be a dream come true!!