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


  • Ukraine: The Afghanistan Model for the Consolidation of the Global White Supremacist Movement
    ​​​​​​​ Ajamu Baraka, BAR editor and columnist
    Ukraine: The Afghanistan Model for the Consolidation of the Global White Supremacist Movement
    30 Mar 2022
    The Biden administration is dusting off the same playbook that gave arms and money to jihadists in Afghanistan and Syria. Now the beneficiaries of American foreign policy largesse are white…
  • DOCUMENT: An Act for the Abolition of Slavery [and for Compensating White Slaveowners], 1833
    Editors, The Black Agenda Review
    DOCUMENT: An Act for the Abolition of Slavery [and for Compensating White Slaveowners], 1833
    30 Mar 2022
    The recent visit of members of the British “royal family” to Belize, Jamaica, and the Bahamas drew attention to longstanding issues and unsettled accounts concerning slavery, colonialism, and i
  • Madeleine Albright is Dead, but Intersectional Imperialism is Alive and Well
    Danny Haiphong, BAR Contributing Editor
    Madeleine Albright is Dead, but Intersectional Imperialism is Alive and Well
    30 Mar 2022
    The late Madeleine Albright was the first female Secretary of State. Her actions in office repeated the U.S. imperative to interfere in the affairs of other countries and resulted in the deaths of…
  • Papa Cop
    Raymond Nat Turner, BAR poet-in-residence
    Papa Cop
    30 Mar 2022
                                                           …
  • New McCarthyism Silences the Black and Other Radical Left
    Erica Caines
    New McCarthyism Silences the Black and Other Radical Left
    30 Mar 2022
    Socialists, anti-imperialists, anti-war activists, Black radicals, and other independent alternative voices who challenge mainstream media and its political culture are being explicitly targeted by…
  • Load More
Subscribe
connect with us
about us
contact us