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

  • US Threatens Ethiopia and Eritrea with “Genocide Designation”
    Ann Garrison, BAR Contributing Editor
    US Threatens Ethiopia and Eritrea with “Genocide Designation”
    10 Aug 2022
    Ann Garrison was invited to address the annual Eritrean Festival, which was held in Dallas. These are her remarks.
  • We Don't Need No Stinkin' Harvard: Why the Crew, and not the Captain, Will Save America
    Jon Jeter
    We Don't Need No Stinkin' Harvard: Why the Crew, and not the Captain, Will Save America
    10 Aug 2022
    The elites who control international finance are the best educated people in the world. They are also the most dangerous and have inflicted the most harm.
  • Black August Builds on Our Black Radical Traditions
    Charles Brooks
    Black August Builds on Our Black Radical Traditions
    10 Aug 2022
    Black August is the commemoration of actions carried out by revolutionaries ranging from Nat Turner to George Jackson. It is a month to "study, fast, train, and fight" to build the Black radical…
  • BAR Book Forum: Maboula Soumahoro’s “Black is the Journey, Africana the Name”
    Roberto Sirvent, BAR Book Forum Editor
    BAR Book Forum: Maboula Soumahoro’s “Black is the Journey, Africana the Name”
    10 Aug 2022
    This week’s featured author is Maboula Soumahoro. Soumahoro is Associate Professor in the English department of the University of Tours. Her book is Black is the Journey, Africana the Name.
  • BAR Book Forum: Jesse Olsavsky’s Book, “The Most Absolute Abolition”
    Roberto Sirvent, BAR Book Forum Editor
    BAR Book Forum: Jesse Olsavsky’s Book, “The Most Absolute Abolition”
    10 Aug 2022
    This week’s featured author is Jesse Olsavsky. Olsavsky is Assistant Professor of History at Duke Kunshan University in China.. His book is The Most Absolute Abolition: Runaways, Vigilance Committees…
  • Load More
Subscribe
connect with us
about us
contact us