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


  • Glen Ford's Ukrainian Crystal Ball
    Glen Ford , BAR executive editor
    Glen Ford's Ukrainian Crystal Ball
    27 Jul 2022
    Glen Ford was among the speakers at a May 16, 2014 teach-in on Ukraine sponsored by the International Action Center. The event was held at The Riverside Church in New York City in the wake of the…
  • The Lies of Empire: Don’t Believe a Word They Say
    Glen Ford , BAR executive editor
    The Lies of Empire: Don’t Believe a Word They Say
    27 Jul 2022
    The U.S. reprises Iraq, inventing a WMD threat from Syria. The FBI concocts home-grown terror through stings, while the NSA claims it has secretly saved many lives. “Why this steady stream of…
  • Glen Ford: Clarence Thomas, the “Anti-Black,” 2007
    Editors, The Black Agenda Review
    Glen Ford: Clarence Thomas, the “Anti-Black,” 2007
    27 Jul 2022
    An essay by the late Glen Ford recounts the perverse origin story of the twisted life and lies of Clarence Thomas.
  • Grandstanding: Mayoral Candidate Karen Bass Says She Can Solve LA’s Homelessness Crisis
    Ann Garrison, BAR Contributing Editor
    Grandstanding: Mayoral Candidate Karen Bass Says She Can Solve LA’s Homelessness Crisis
    27 Jul 2022
    As the late Glen Ford said, the Black misleadership class has no shame. Congresswoman Karen Bass's campaign for mayor of Los Angeles is full of empty promises. She proposes nothing that would…
  • You Can’t Shame the Shameless Black Misleadership Class
    Glen Ford , BAR executive editor
    You Can’t Shame the Shameless Black Misleadership Class
    27 Jul 2022
    The Black misleaders have been busy selling out Black people for half a century, but are still only barely tolerated by the rich man’s Democratic Party and its racist figurehead, Joe Biden.
  • Load More
Subscribe
connect with us
about us
contact us