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


  • Palestinian Alternative Revolutionary Path Movement
    Georges Ibrahim Abdallah: “Together, and only together, do we win.”
    04 Feb 2026
    After 41 years in French captivity, revolutionary militant Georges Ibrahim Abdallah speaks, offering an analysis of October 7th, global fascism, and the Palestinian resistance.
  • Prince Kapone
    Reuters’ ‘Market Story’ and the American Pole: PetroChina, Venezuelan Oil, and the Siege That Calls Itself Trade
    04 Feb 2026
    Reuters sells custodial plunder as a pricing issue, turning blockade into “market caution.” We restore the missing record: seizures, supervision, and the re-routing of Venezuelan oil revenue through…
  • Mafa Kwanisai Mafa
    Trump, White Farmers and the War on Zimbabwe’s Sovereignty: Why Africans Must Reject this Neo-Colonial Push
    04 Feb 2026
    The push by white farmers to enlist Donald Trump in a compensation battle over Zimbabwean land is a brazen, neo-colonial plot to undo African liberation history.
  • Communist Party Marxist - Kenya , Booker Omole
    Statement of Solidarity with the Islamic Republic of Iran Down with US Imperialism Forward with the Sovereignty and Dignity of Oppressed Nations
    04 Feb 2026
    The imperial assault on Iran is punishment for the crime of sovereignty, a protracted siege that oppressed nations worldwide recognize as a weapon threatening their own future.
  • BAR Radio Logo
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio January 30, 2026
    30 Jan 2026
    In this week’s segment, we talk about human rights and citizenship and the Trump administration's persecution of Haitian immigrants. We begin with a discussion of the need to protect the 14th…
  • Load More
Subscribe
connect with us
about us
contact us