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


  • Carrie Zaremba
    U.S. Universities Spent the Summer Strategizing to Suppress Student Activism. Here is their Plan.
    11 Sep 2024
    Schools across the U.S. have altered policies and even landscapes in an attempt to make a repeat of last spring’s Palestine protests impossible. The result is a far-reaching war on free expression…
  • South Africa at the ICJ
    Palestine Chronicle Staff
    Israel Lobbying US Congress to Pressure South Africa to Drop ICJ Genocide Case – Report
    11 Sep 2024
    Israel once again is attempting to circumvent international law by appealing to the U.S.
  • Willow Naomi Curry
    Testifying at the Democratic National Convention
    11 Sep 2024
    60 years ago, the Mississippi Freedom Democrats took a stand at the Democratic National Convention, bodily challenging the racist party and the violent voter repression of Black people. Years…
  • CurbFest
    Black Agenda Radio with Margaret Kimberley
    Curbfest for Political Prisoners
    06 Sep 2024
    We are joined by Jasiri Fahali Kiyamaa, an organizer of Curbfest, an event advocating for political prisoners. New York City's Curbfest will take place on Saturday, September 7, 2024 in Brooklyn.
  • Glen Ford
    Black Agenda Radio with Margaret Kimberley , Glen Ford, BAR Executive Editor
    Glen Ford: Say Political Prisoners Names While They Still Live
    06 Sep 2024
    In 2020 our late comrade Glen Ford spoke at a Black is Back Coalition video conference on political prisoners. In these excerpts of his remarks, he discussed the need to understand the political…
  • Load More
Subscribe
connect with us
about us
contact us