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


  • ​​​​​​​ Ajamu Baraka, BAR editor and columnist
    Fragmentation, Force, and Fascism: The Architecture of the Repressive National Security State
    21 Jan 2026
    The state is not drifting toward repression; it is building it with serious intent. ICE raids, militarized police, and mass surveillance are the tools of a system designed to manage and silence…
  • Editors, The Black Agenda Review
    SPEECH: Reporting the News in the Heartland of Empire, William Worthy, 1970
    21 Jan 2026
    “From journalists…the greatest need of the moment is sound analysis of the U.S. empire and the focusing of the news spotlight on its far-flung sinister operations.”
  • Raymond Nat Turner, BAR poet-in-residence
    Operation Piracy or Pedophile Protection, mates?
    21 Jan 2026
    "Operation Piracy or Pedophile Protection, mates?" is the latest from BAR's Poet-in-Residence.
  • Dr. Gerald Horne , Anthony Ballas
    Shadowboxing with Ghosts: Whiteness, Jake Paul, and the Crisis of U.S. Imperialism
    21 Jan 2026
    Jake Paul’s ascent in boxing is a cultural symptom of an empire in decline. It reflects a country that now prefers empty spectacle over real strength, both in sports and on the world stage.
  • Jacqueline Luqman
    Effective Organizing Requires Understanding Theory. That's Not A Hypothesis
    21 Jan 2026
    To dismiss revolutionary theory is to choose permanent defeat, reducing the movement to a hamster wheel of reaction and co-opted rage.
  • Load More
Subscribe
connect with us
about us
contact us