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


  • Those Who Die for Life – like Hugo Chávez – Cannot Be Called Dead
    Vijay Prashad
    Those Who Die for Life – like Hugo Chávez – Cannot Be Called Dead
    08 Mar 2023
    The tenth anniversary of the death of Venezuelan president Hugo Chavez reminds us of his commitment to serve the people of his country, and to fighting for sovereignty for his nation and all the…
  • Reimagining Arms Control After Ukraine
    Scott Ritter
    Reimagining Arms Control After Ukraine
    08 Mar 2023
    Having used arms control to gain unilateral advantage over Russia, the cost to the U.S. and NATO in getting Moscow back to the negotiating table will be high.
  • NATO’s Growing Military Presence in Latin America and the Caribbean
    Sergio RodrĂ­guez Gelfenstein
    NATO’s Growing Military Presence in Latin America and the Caribbean
    08 Mar 2023
    The North Atlantic Treaty Organization is not the regional defensive organization that it claims to be. As far as NATO is concerned, the entire world is in its sphere of influence, and the Americas…
  • Black Agenda Radio March 3, 2023
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio March 3, 2023
    03 Mar 2023
    This week we hear about right wing attacks on the finances of a grass roots organization, and the effort to cultivate a culture which promotes peacemaking, but first a new book reveals Harriet Tubman…
  • Twenty Dollars and Change: Harriet Tubman and the Ongoing Fight for Racial Justice and Democracy
    Black Agenda Radio with Margaret Kimberley
    Twenty Dollars and Change: Harriet Tubman and the Ongoing Fight for Racial Justice and Democracy
    03 Mar 2023
    Clarence Lusane discusses his latest book, Twenty Dollars and Change: Harriet Tubman and the Ongoing Fight for Racial Justice and Democracy.
  • Load More
Subscribe
connect with us
about us
contact us