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


  • The Indo-Pacific Economic Framework and the Decline of the American Empire
    Danny Haiphong, BAR Contributing Editor
    The Indo-Pacific Economic Framework and the Decline of the American Empire
    03 Jun 2022
    The Indo-Pacific Economic Framework (IPEF) for Prosperity is another futile U.S. effort to diminish China's economic prowess. But IPEF also demonstrates systemic failure and a crisis of legitimacy.
  • Mass Shootings, Empire, and Racist, Copaganda Dog Whistles
    Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Mass Shootings, Empire, and Racist, Copaganda Dog Whistles
    01 Jun 2022
    Two mass shootings in quick succession brought out the worst in Americans. The anger and grief were followed by the usual lies and pretense that violence here is somehow mysterious. Political leaders…
  • DOCUMENT: Resolutions Passed by the Fourth Pan-African Congress, New York City, 1927
    Editors, The Black Agenda Review
    DOCUMENT: Resolutions Passed by the Fourth Pan-African Congress, New York City, 1927
    01 Jun 2022
    The Fourth Pan-African Congress in New York in 1927 was the first held in the Americas, and the first organized by women.
  • Notes from Wartorn Ethiopia, Part 5
    Ann Garrison, BAR Contributing Editor
    Notes from Wartorn Ethiopia, Part 5
    01 Jun 2022
    Ann Garrison ends her reporting from the Horn of Africa with updates on the Grand Ethiopian Renaissance Dam and the conflict between Ethiopia and the TPLF.
  • Reading, writing, ‘rithmetic of rifles (for Uvalde and other schools…)
    Raymond Nat Turner, BAR poet-in-residence
    Reading, writing, ‘rithmetic of rifles (for Uvalde and other schools…)
    01 Jun 2022
    Reading, writing, ‘rithmetic of rifles (for Uvalde and other schools…)
  • Load More
Subscribe
connect with us
about us
contact us