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

  • Black Agenda Radio January 13, 2023
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio January 13, 2023
    13 Jan 2023
    This week we have an update on the FBI raid and impending indictments against members of the Uhuru Movement, discuss what Damar Hamlin teaches us about the business of football, and discover that…
  • Omali Yeshitela and the FBI Attack on the Uhuru Movement
    Black Agenda Radio with Margaret Kimberley
    Omali Yeshitela and the FBI Attack on the Uhuru Movement
    13 Jan 2023
    Omali Yeshitela is chairman of the African Peoples Socialist Party, leader of the Uhuru Movement, and the Black is Back Coalition. The African Peoples Socialist Party’s Uhuru House was raided by FBI…
  • Damar Hamlin and the Business of Football
    Black Agenda Radio with Margaret Kimberley
    Damar Hamlin and the Business of Football
    13 Jan 2023
    Garrett Bush is host of the Ultimate Cleveland Sports Show, The Barbershop, and the Locked on Browns podcast. He joins us from Cleveland to discuss Damar Hamlin, the NFL player from the Buffalo Bills…
  • New York City Retirees Say No to Privatized Medicare
    Black Agenda Radio with Margaret Kimberley
    New York City Retirees Say No to Privatized Medicare
    13 Jan 2023
    New York City retirees resist the privatization of their Medicare benefits.
  • The Vote for House Speaker Obscured Democratic Treachery
    Margaret Kimberley, BAR Executive Editor and Senior Columnist
    The Vote for House Speaker Obscured Democratic Treachery
    11 Jan 2023
    House Speaker Kevin McCarthy's need for 15 rounds of voting from his party is viewed with alarm or humor. But the right wing proved that activists win if they make demands. Democrats have no members…
  • Load More
Subscribe
connect with us
about us
contact us