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

  • A lil’ homegoing homage to Brother Donald…
    Raymond Nat Turner, BAR poet-in-residence
    A lil’ homegoing homage to Brother Donald…
    27 Apr 2022
    Donald Smith always performed at Black Agenda Report events in New York City. He was a great musician and friend to the Black Agenda Report team. He will be missed.
  • Notes from Wartorn Ethiopia, Part III: Crimes of the Tigrayan People’s Liberation Front
    Ann Garrison, BAR Contributing Editor
    Notes from Wartorn Ethiopia, Part III: Crimes of the Tigrayan People’s Liberation Front
    27 Apr 2022
    BAR contributor Ann Garrison reports on conditions in Ethiopia.
  • BAR Book Forum: Mercy Romero’s “Toward Camden”
    Roberto Sirvent, BAR Book Forum Editor
    BAR Book Forum: Mercy Romero’s “Toward Camden”
    27 Apr 2022
    In this series, we ask acclaimed authors to answer five questions about their book. This week’s featured author is Mercy Romero. Romero is Associate Professor of American Literature and American…
  • BAR Book Forum: Treva B. Lindsey’s “America, Goddam”
    Roberto Sirvent, BAR Book Forum Editor
    BAR Book Forum: Treva B. Lindsey’s “America, Goddam”
    27 Apr 2022
    In this series, we ask acclaimed authors to answer five questions about their book. This week’s featured author is Treva B. Lindsey. Lindsey is Associate Professor in the Women's, Gender, and…
  • The Little-Known International Charter At The Center of Ukraine War and China's Future Defense
    Jacqueline Luqman
    The Little-Known International Charter At The Center of Ukraine War and China's Future Defense
    27 Apr 2022
    The U.S. talks about "rule based order" because international law is not on its side. The OSCE 1999 Charter explains why the Biden administration would rather make up a new phrase out of whole cloth…
  • Load More
Subscribe
connect with us
about us
contact us