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


  • Raymond Nat Turner, BAR poet-in-residence
    For an ICU VA Nurse
    28 Jan 2026
    "For an ICU VA Nurse" is the latest from BAR's Poet-in-Residence.
  • Austin Cole
    Data Center Boom, Corporate Extraction, and the Obfuscation of the Land Question in the U.S.
    28 Jan 2026
    The grassroots resistance against data centers is about more than zoning and community benefit agreements. It is the latest front in America’s war against the people over land, sovereignty, and who…
  • Jacqueline Luqman
    Continuity of Social Control From Slave Patrols To Policing To ICE
    28 Jan 2026
    To understand the violence of contemporary immigration enforcement, one must trace its lineage directly to the antebellum slave patrols — a system founded on racial terror and complete state control.
  • Aby L. Sène
    Patagonia Forest Fires Reveal Imperialist Theft of Protected Lands
    28 Jan 2026
    The arson attacks that engulfed the protected forests of he Andean-Patagonia region serve as a reminder that Western conservation models, which dispossess Indigenous peoples of their lands, are…
  • Anthony Karefa Rogers-Wright
    Trump Derangement Syndrome Is Real, And It Obfuscates the Requisite Question of Self-Determination in the Heart of U.S. Empire
    28 Jan 2026
    When political energy is channeled into opposing an individual, that energy is diverted from the work of building the popular power needed to challenge the empire he represents.
  • Load More
Subscribe
connect with us
about us
contact us