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


  • Pro-Palestinian protestors rally in support of Palestinians in Gaza
    Ann Garrison, BAR Contributing Editor
    One State Reality
    13 Dec 2023
    Recognizing the one state reality of Israel-Palestine instead of two-state dreaming would be a huge paradigm shift with huge implications.
  • Joy James speaking on a panel at the Center for the Study of Slavery and Justice's Carceral State Reading
    Roberto Sirvent, BAR Book Forum Editor
    BAR Book Forum: Joy James’ Book, “New Bones Abolition”
    13 Dec 2023
    In this series, we ask acclaimed authors to answer five questions about their book. This week’s featured author is Joy James. Dr. James is Ebenezer Fitch Professor of Humanities at Williams College.…
  • Mia Mottley of the Barbados Labor Party
    Keston K. Perry
    The Mirage of Mia Mottley’s ‘Progressive’ Politics
    13 Dec 2023
    Despite the praise she receives for being the “progressive” leader needed in the Caribbean, Mia Mottley and her policies in Barbados and her work within CARICOM have not veered outside the realm of…
  • Henry Kissinger
    K.J. Noh 
    Question the Narrative that Villanizes Henry Kissinger: Correcting the memory of the obsequious butler of US empire
    13 Dec 2023
    Kissinger is known as either the epitome of a statesman or the most hated man on the planet due to the atrocities committed under his leadership or advisement. However, the weight of these acts…
  • Anima Adjepong
    Book Review: Race to be Myself
    13 Dec 2023
    Anima Adjepong reviews the book "Race to Be Myself" by Caster Semeya, a South African Track and Field star whose gender was questioned by national sporting institutions.
  • Load More
Subscribe
connect with us
about us
contact us