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

  • AFRICOM Watch Bulletin #41
    Black Alliance For Peace
    AFRICOM Watch Bulletin #41
    28 Sep 2022
    The Black Alliance for Peace AFRICOM Watch Bulletin #41 analyzes how white supremacy operates through the actions of the International Monetary Fund and World Bank. As always the AFRICOM Watch…
  • Zambia’s Debt Crisis a Warning for What Looms Ahead for Global South
    Tanupriya Singh
    Zambia’s Debt Crisis a Warning for What Looms Ahead for Global South
    28 Sep 2022
    Zambia is heading toward critical negotiations to restructure its mounting debts. The IMF has approved a $1.3 billion bailout plan for the country, which will impose cruel austerity measures on the…
  • In Response to Antonio Guterres, Haitian Organizations Point to the Responsibility of the UN in the "Gangsterization of Haiti"
    AlterPresse
    In Response to Antonio Guterres, Haitian Organizations Point to the Responsibility of the UN in the "Gangsterization of Haiti"
    28 Sep 2022
    The United Nations is complicit in what is referred to as the "gangsterization" of Haiti. The existence of criminal gangs is the result of UN Core Group interference yet is now the pretext for…
  • What is Nkrumahism-TourĂ©ism?
    All African Peoples Revolutionary Party
    What is Nkrumahism-Touréism?
    28 Sep 2022
    The Pan-African revolutionary thought of Ahmed Sékou Touré and Kwame Nkrumah is an essential guide in seeking liberation for African people.
  • Black Agenda Radio September 23, 2022
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio September 23, 2022
    23 Sep 2022
    Laith Marouf and all defenders of Palestinian rights struggle against political and media erasure, Tracy McCarter and other abuse survivors face prosecution when defending themselves, and people with…
  • Load More
Subscribe
connect with us
about us
contact us