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


  • Why Defending Nicaragua is Important
    Stephen Sefton
    Why Defending Nicaragua is Important
    26 Oct 2021
    The U.S. effort to destabilize Nicaragua is an ongoing crime against that nation's people. Anti-imperialists must defend their right to self-determination.
  • The Killing of Gaddafi 10 Years ago has Resulted in the Death of the Nation of Libya and the Destruction of its People
    Richard Medhurst
    The Killing of Gaddafi 10 Years ago has Resulted in the Death of the Nation of Libya and the Destruction of its People
    26 Oct 2021
    Ten years ago Barack Obama and Hillary Clinton led the US/NATO war crime that destroyed the Libyan state and murdered its leader.
  • Photo: Twitter / @devilette
    Monica Cruz
    Puerto Ricans Resist Austerity Measures and Corporate Corruption
    26 Oct 2021
    Five years after PROMESA was signed into law which established the control of the Fiscal Control Board over the island’s economy, conditions in Puerto Rico are worse than ever before.
  • Planting Budgetary Time Bombs in Africa: the Macron Doctrine En Marche
    Daniela Gabor, Ndongo Samba Sylla
    Planting Budgetary Time Bombs in Africa: the Macron Doctrine En Marche
    26 Oct 2021
    French president Emmanuel Macron ensnares African nations in risky privatization schemes, a continuation of the colonial relationship.
  • The Many Crimes of Colin Powell
    Margaret Kimberley, BAR Executive Editor and Senior Columnist
    The Many Crimes of Colin Powell
    20 Oct 2021
    Colin Powell's death is an opportunity to question the inclination to respect the Black face in a high place. Powell's career includes a litany of crimes that must never be excused.
  • Load More
Subscribe
connect with us
about us
contact us