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


  • MANIFESTO: Africa in the Post-War World, San Francisco, April 1945
    Editors, The Black Agenda Review
    MANIFESTO: Africa in the Post-War World, San Francisco, April 1945
    20 Apr 2022
    When a new international order came into being with the organization of the United Nations in 1945, African people proposed their own visions for the post war world.
  • The Battle Against COVID-19 in Shanghai: A Human Rights Disaster?
    Danny Haiphong, BAR Contributing Editor
    The Battle Against COVID-19 in Shanghai: A Human Rights Disaster?
    20 Apr 2022
    China's "zero covid" strategy prevented the large number of deaths seen in the United States. But the challenges of stopping the Omicron variant in Shanghai, a city of 25 million people,…
  • BAR Book Forum: Interview with Matthieu Chapman
    Roberto Sirvent, BAR Book Forum Editor
    BAR Book Forum: Interview with Matthieu Chapman
    20 Apr 2022
    This week’s featured scholar is Matthieu Chapman. Dr. Chapman is Assistant Professor of Theatre Studies at the State University of New York at New Paltz.  His essay is “‘Away, You Ethiop!’: A…
  • Through the fire of fighting Amazon Workers…
    BAR Poet-in-Residence Raymond Nat Turner
    Through the fire of fighting Amazon Workers…
    20 Apr 2022
    Through the fire of fighting Amazon Workers…
  • Patrick Lyoya’s Death Sentence for the Crime of “Contempt of White Cop”
    Mark P. Fancher
    Patrick Lyoya’s Death Sentence for the Crime of “Contempt of White Cop”
    20 Apr 2022
    Police in the United States kill an average of three people every day and one of those persons will be Black. Patrick Lyoya was one recent victim of a police execution.
  • Load More
Subscribe
connect with us
about us
contact us