Black Agenda Report
Black Agenda Report
News, commentary and analysis from the black left.

  • Home
  • Africa
  • African America
  • Education
  • Environment
  • International
  • Media and Culture
  • Political Economy
  • Radio
  • US Politics
  • War and Empire

A Real Economist (Michael Hudson) Explains Why HIgher Taxes, Not Lower Ones, Create Jobs
The Real News Network
02 Feb 2011
🖨️ Print Article

by the Real News Network

Barack Obama and the bipartisan quacks of Wall Street and corporate media keep telling us that lower taxes on the wealthy create jobs, the exact opposite of what real economists have known for ages.  For a dose of economic sanity, Paul Jay of The Real News Network interviews Michael Hudson, a real economist, who explains how the U.S. was more prosperous and created more high wage jobs when it taxed 90% of the highest individual and corporate "earners".

Dr. Michael Hudson is, unlike the mopes you see on TV, an economist who actually predicted the real estate, subprime and general financial meltdowns of the last few years. Dr. Hudson is a financial economist and historian. He is president of the Institute for the Study of Long Term Economic Trends, a Wall Street financial analyst, and distinguished Research Professor of Economics at the University of Missouri, Kansas City. His 1972 book, Super imperialism, the Economic Strategy of American Empire is a critique of how the United States exploited foreign economies through the IMF and World Bank. He is also author of The Myth of Aid, and Global Fracture, the New International Economic Order. On today's program we discuss his newest book, in progress, the Fictitious Economy; How Finance is Destroying Industrial Capitalism, and Paving the New Road to Serfdom.

And the Real News Network is exactly what its name says. It's one of the places we at Black Agenda Report go to get OUR news. Thanks to Paul Jay.

Do you need and appreciate Black Agenda Report articles? Please click on the DONATE icon, and help us out, if you can.


More Stories


  • BAR Radio
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Report October 9, 2026
    09 Oct 2026
    In this week’s segment, we discuss student protests by Black and brown youth in France against austerity measures and race-based inequality in the education system. But we begin with a discussion of…
  • Lula and Bolsonaro
    Black Agenda Radio with Margaret Kimberley
    Lula vs. Bolsonaro in Brazil's Presidential Election
    09 Oct 2026
    Brazil's incumbent president Lula da Silva finished second behind Flavio Bolsonaro in the first round of the presidential election. Because neither man received at least 51% of the vote, a run-off…
  • Protest
    Black Agenda Radio with Margaret Kimberley
    French Youth Rise Up Against Racism, Austerity, and the Rising Right Wing
    09 Oct 2026
    Students in France are engaging in mass protests. Hundreds of them have been arrested and injured by police, and many schools are closed. Annick Metefia joins us from Paris. She is a member of the…
  • x
    ​​​​​​​ Ajamu Baraka, BAR editor and columnist , Dimitri Lascaris
    The Time for Polite Protest Is Over | Ajamu Baraka & Dimitri Lascaris
    07 Oct 2026
    Ajamu Baraka of the Black Alliance for Peace joins Dimitri Lascaris on BettBeat Media for a conversation about something Western publics have not yet come to terms with — the fact that resistance to…
  • Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Mamdani and the Zionist Shakedown
    07 Oct 2026
    Progressive candidates rarely remain so after winning public office. Zohran Mamdani is no exception, but his capitulation to New York zionists angered his supporters, and the people he hoped to…
  • Load More
Subscribe
connect with us
about us
contact us