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


  • Laith Marouf and the Struggle to Defend Palestine
    Black Agenda Radio with Margaret Kimberley
    Laith Marouf and the Struggle to Defend Palestine
    23 Sep 2022
    Laith Marouf is Policy Consultant with the Community Media Advocacy Centre (CMAC) in Montreal and a long-time defender of Palestine and the rights of Palestinian people. He has been publicly attacked…
  • The Prosecution of Abuse Survivor Tracy McCarter
    Black Agenda Radio with Margaret Kimberley
    The Prosecution of Abuse Survivor Tracy McCarter
    23 Sep 2022
    Samah Sisay is an attorney and an organizer with the group Survived and Punished, which advocates for the rights of criminalized survivors. She joins us from New York City to discuss the case of…
  • Felony Convictions and Voting Rights
    Black Agenda Radio with Margaret Kimberley
    Felony Convictions and Voting Rights
    23 Sep 2022
    Across the United States, people with past felony convictions may have severely restricted access to the franchise and in some cases may be denied the right to vote forever. Blair Bowie is senior…
  • Asylum, Migration and U.S. Foreign Policy
    Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Asylum, Migration and U.S. Foreign Policy
    21 Sep 2022
    Immigration rules are often determined by U.S. foreign policy. Citizens of nations under U.S. attack, such as Venezuela, are made eligible for asylum. Haitians suffer under U.S. dictates but are…
  • MANIFESTO: The Anti-Racist Manifesto of Colectiva Feminista en Construcción, 2020
    Editors, The Black Agenda Review
    MANIFESTO: The Anti-Racist Manifesto of Colectiva Feminista en Construcción, 2020
    21 Sep 2022
    The Anti-Racist Manifesto of Puerto Rico’s Colectiva Feminista en Construcción (La Cole) outlines a radical solution to capitalism, colonialism, and climate change.
  • Load More
Subscribe
connect with us
about us
contact us