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


  •  Special US Punishment Reserved for Haitian Immigrants
    Black Agenda Radio with Margaret Kimberley and Glen Ford
    Special US Punishment Reserved for Haitian Immigrants
    03 May 2021
    In his first 60 days in office, Biden “had already deported more people to Haiti than Donald Trump deported in all of 2020, said Daoud Andre, a Brooklyn-based radio host and organi
  •  Biden Is No FDR, Just a Business-As-Usual Democrat
    Black Agenda Radio with Margaret Kimberley and Glen Ford
    Biden Is No FDR, Just a Business-As-Usual Democrat
    03 May 2021
    Far from the incarnation of Franklin Delano Roosevelt, Joe Biden is the usual corporate Democrat, said veteran activist Margaret Flowers, of Popular Resistance.
  • Freedom Rider: No Justice Without a Movement
    Margaret Kimberley, BAR senior columnist
    Freedom Rider: No Justice Without a Movement
    29 Apr 2021
    The changes needed are fundamental to a country which puts anti-black racism at the center of politics, law and economics.
  • The Russia-China Alliance: More than a Bulwark Against Imperialism
    Danny Haiphong, BAR Contributing Editor
    The Russia-China Alliance: More than a Bulwark Against Imperialism
    29 Apr 2021
    China’s communist party-led government and enormous non-white population strikes fear in the heart of the hegemon in ways that Russia alone simply cannot.
  • EDITORIAL:ON THE MOVE: The MOVE Organization and the Teachings of John Africa, June 28 and July 1, 1975
    Editors, The Black Agenda Review
    EDITORIAL:ON THE MOVE: The MOVE Organization and the Teachings of John Africa, June 28 and July 1, 1975
    29 Apr 2021
    The MOVE organization’s protests provoked some of the most intense forms of police brutality and repression witnessed in the country.  
  • Load More
Subscribe
connect with us
about us
contact us