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


  • Chris Gilbert , Cira Pascual Marquina
    ‘Fishing Provides for Everyone’: The Palmarito Afro-Descendant Commune (Part III)
    22 Oct 2025
    On the southern shore of Lake Maracaibo, communards sustain themselves by fishing, but just as much through practices of solidarity.
  • Francisco Dominguez , Roger D. Harris , John Perry
    Imperial Double Standards: Warfare for Venezuela and Welfare for Argentina
    22 Oct 2025
    The western response to crises in Venezuela and Argentina reveals a stark double standard. One nation faces economic pressure and isolation, while the other receives financial support.
  • BAR Radio Logo
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio October 17, 2025
    17 Oct 2025
    In this week’s segment we hear analysis of the Gaza peace agreement, why it took place, and the future of Palestine. But first we hear about data centers, A.I., and their negative impact on the…
  • Data center
    Black Agenda Radio with Margaret Kimberley
    Data Centers, A.I., and State Repression
    17 Oct 2025
    We speak with Kali Akuno, co-founder and Director of Cooperation Jackson in Jackson, Mississippi. He joins us from Jackson to discuss the construction of an Amazon web services data center and the…
  • US Palestinian Community Network
    Black Agenda Radio with Margaret Kimberley
    U.S. Palestinian Community Network on the Gaza Peace Agreement
    17 Oct 2025
    Donald Trump traveled to Sharm al-Sheikh, Egypt to sign what is being called a peace agreement between Israel and the Palestinian resistance that he takes credit for brokering. But what are the…
  • Load More
Subscribe
connect with us
about us
contact us