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


  • The Abuse of the Concept of “Populism”
    Prabhat Patnaik
    The Abuse of the Concept of “Populism”
    25 Jan 2023
    What is populism? The word is often used by corporate media but without any analysis of its true meaning.
  • Direct from Western Sahara: Learn About the Struggle of the Last Colony in Africa
    Michele de Mello
    Direct from Western Sahara: Learn About the Struggle of the Last Colony in Africa
    25 Jan 2023
    After 30 years of peace, the Polisario Front holds its 16th Congress amidst the war against Morocco’s invasion.
  • Protests in Breakaway Somaliland Call for Reunification with Somalia
    Pavan Kulkarni
    Protests in Breakaway Somaliland Call for Reunification with Somalia
    25 Jan 2023
    Even as the US and UK are increasingly legitimizing secessionist rule in Somaliland, whose sovereignty has no international recognition, a unionist movement seeking a united Somalia threatens to…
  • Viewing Ukraine Through the Davos Lens
    Conor Gallagher
    Viewing Ukraine Through the Davos Lens
    25 Jan 2023
    Why have Europe's politicians followed U.S. dictates regarding Ukraine and undermined the wellbeing of their own nations? The influence wielded by the World Economic Forum's Young Global…
  • Women in Nicaragua: Power and Protagonism – Delegation Report-Back (January 2023)
    Alliance for Global Justice
    Women in Nicaragua: Power and Protagonism – Delegation Report-Back (January 2023)
    25 Jan 2023
    The United States has targeted Nicaragua ever since the days of Ronald Reagan. Members of a recent delegation made observations that are far different from hostile narratives presented by the U.S.…
  • Load More
Subscribe
connect with us
about us
contact us