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


  • Testi-lyin’
    Raymond Nat Turner, BAR poet-in-residence
    Testi-lyin’
    07 Apr 2021
    Northeast, midwest, southwest, south, down south, up south, out south—south  of the Canadian border—Slouched down in his cruiser, slow-rollin’ the ‘hood; Or a-
  • Biden-Harris Look Ready to Keep U.S. In Afghanistan—Say No!
    Black Alliance For Peace
    Biden-Harris Look Ready to Keep U.S. In Afghanistan—Say No!
    07 Apr 2021
    The new Democratic administration seems determined to sabotage an agreement to end the “longest war.”
  • MLK Was a Radical Who Hated Not Only Racial Subordination But Class Exploitation
    Sylvie Laurent, interviewed by Arvind Dilawar
    MLK Was a Radical Who Hated Not Only Racial Subordination But Class Exploitation
    07 Apr 2021
    King explicitly linked the value of human dignity to the material conditions necessary to enable people to live a decent life.
  • Letters from Our Readers
    by Jahan Choudhry, Comments Editor
    Letters from Our Readers
    07 Apr 2021
    In "On Anarchism and Black Revolution" Peter James Hudson examines the historical roots of critiques of anarchism and its relationship to Black liberation movements.
  • BAR Book Forum: Short Meditations on Christina Sharpe’s “In the Wake”
    Troizel Carr
    BAR Book Forum: Short Meditations on Christina Sharpe’s “In the Wake”
    07 Apr 2021
    Being in the wake, in the afterlives of slavery…is to be caught in the reverberating aftermath of a long disaster, a durational dance with danger, with terror.
  • Load More
Subscribe
connect with us
about us
contact us