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

  • Erica Caines , Austin Cole , Tunde Osazua
    What's a "Peace Deal" in the War against Colonized People ?
    15 Oct 2025
    There will be no peace without justice.
  • Black Alliance for Peace Africa Team
    In Honor of Comrade Abiodun Aremu: A Teacher and a Fighter for African Liberation
    15 Oct 2025
    We honor the life of Nigerian organizer Abiodun Aremu, a true Pan-Africanist whose legacy demands we intensify the fight for African sovereignty. His recent, suspicious death only underscores the…
  • Pavan Kulkarni
    With PAIGC barred, Will Elections in Guinea-Bissau Legitimize a Neocolonial Dictatorship?
    15 Oct 2025
    Led by Amilcar Cabral, Guinea-Bissau was in the forefront of African anti-colonial movements. But independence for that nation in 1973 has been followed by continual struggle for true sovereignty and…
  • Gerald A. Perreira , Organization for the Victory of the People
    No to US State Terrorism in the Caribbean Sea No to US Plans for Regime Change in Venezuela Caricom Must Act Now
    15 Oct 2025
    The U.S. is using Guyana as a proxy to escalate aggression against Venezuela. This manufactured crisis, fueled by oil interests, risks dragging the entire region into war.
  • Chris Gilbert , Cira Pascual Marquina
    Culture and Resistance: The Palmarito Afro-Descendant Commune (Part II)
    15 Oct 2025
    Afro-Venezuelan communards on the southern shore region of Lake Maracaibo discuss the intersection of culture and organization.
  • Load More
Subscribe
connect with us
about us
contact us