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Return fire with rockets. Oh in the welcome the. Specter of socialism 30 years after the fall of the berlin wall socialism is now remarkably popular what explains this how to explain why so many successful and even privileged people with the socialism to solve social problems maybe its because liberalism itself is failing. Socialism im joined by my guest in new york hes an economist and writer as well as a Senior Research fellow at the American Institute for Economic Research his research focuses on policy and technology in baltimore we have. Thomas de lorenzo is a professor of economics at un...

Talking millennial socialism im joined by my guest mexico in new york hes an economist and writer as well as a Senior Research fellow at the American Institute for Economic Research his research focuses on policy and technology in baltimore we have thomas de lorenzo hes a professor of economics at Loyola University maryland in baltimore as well as a senior fellow at the mieses institute his latest book is the problem with socialism and in monterey we cross to David Henderson he is an emeritus professor of economics with the Naval Postgraduate School in monterey as well as a Research Fellow wit...

Her in the evening right here in moscow this wednesday november the 13th welcome to our 2 international. We begin in brazil where the bric summit is under way this where the International Group represents over 3000000000 people worldwide to develop economic and political cooperation indian Prime Minister Narendra Modi chinese president xi jinping already in the country with a look at what lies ahead. For us. This year. Brix group which is an acronym made of the 1st letters of its 5 Member States brazil russia india china and south africa gather for 11th time and for some real is serious stuff....

Capitalism is the status quo is exactly what we have right now and you know the occupy wall street protesters back during the financial crisis they were protesting capitalism they thought they were they were actually protesting the nexus of sort of big business and Big Government together and sort of power that that yields the 2nd fallacy is that if we want to do something as a society to help someone or to organize ourselves in some way that that is either you know this nation state this government thats going to do it or its not going to be done at all and you know my colleague ed string is ...

That and its evolving in innovative and all that yet ok david a month ago you want a job and i had some facts about the u. S. Economy the middle class is disappearing. Were is disappearing upward we have 3 times as many households with 100000. 00 or more in Family Income and this is adjusted for inflation than we had 50 years ago thats you credible improvement so lets not forget that things are Getting Better ok well i think will be there isnt the Income Distribution issue thomas let me go to you there i think this also is giving people cause to quote unquote support socialism because while th...