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 Hopeful Legacy of Roberto Clemente
    Gus Griffin
    The Hopeful Legacy of Roberto Clemente
    04 Jan 2023
    Roberto Clemente was one of the all-time great baseball players and one of the best in a long line of Afro-Latinos. He also acted in solidarity with people around the world, which ironically led to…
  • Israel Got the Middle Finger at the World Cup
    Nizar K. Visram
    Israel Got the Middle Finger at the World Cup
    04 Jan 2023
    The U.S. brokered Abraham Accords normalized relations between Israel and some Persian Gul Arab regimes. But Israel discovered at the recent World Cup that the Arab masses are still in solidarity…
  • We Condemn the Raid on the Headquarters of the Haitian-Dominican Women's Movement
    Socialist Movement of Workers of the Dominican Republic
    We Condemn the Raid on the Headquarters of the Haitian-Dominican Women's Movement
    04 Jan 2023
    The Dominican Republic continues to abuse its Haitian descended population. The Haitian-Dominican Women's Movement (MUDHA) was recently raided by government agents.
  • Why One Organization Dubbed the U.S.-Africa Summit the ‘Meeting of Uncle Tom and Uncle Sam’
    Julie Varughese
    Why One Organization Dubbed the U.S.-Africa Summit the ‘Meeting of Uncle Tom and Uncle Sam’
    04 Jan 2023
    The U.S. Africa Leaders Summit held in Washington in December demonstrated the depth of U.S. disregard for African nations. The photo opportunity extravaganza proved only that the U.S. commitment to…
  • The Imperialist Aggressiveness and the Birth of the West African Peoples Organization (WAPO)
    West African Peoples Organization
    The Imperialist Aggressiveness and the Birth of the West African Peoples Organization (WAPO)
    04 Jan 2023
    Anti-imperialist unity has long been sought by African people but has been thwarted by outside forces. The people still struggle to reach this goal, and the West African Peoples Organization is the…
  • Load More
Subscribe
connect with us
about us
contact us