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
  • omnibus

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


  • Jon Jeter
    From Jim Crow to Katrina to Gentrification, Tracing the Rise and Fall of New Orleans Working Class
    27 Aug 2025
    A forgotten history of cross-racial labor solidarity in 1890s New Orleans offered a glimpse of a potential future. Its deliberate destruction set the stage for the city's modern transformation into a…
  • Anthony Karefa Rogers-Wright
    Synergy of the Sacrificed: Katrina and the Praxis of Imperial Domination
    27 Aug 2025
    Twenty years after Katrina, the disaster stands not as an anomaly but as a blueprint. Its aftermath reveals a template for imperial domination, where "natural" disasters become pretexts for…
  • ​​​​​​​ Ajamu Baraka, BAR editor and columnist
    "Inequality in Kenya: View from Kibera" Documentary Premieres August 28
    27 Aug 2025
    Join political activist and Black Agenda Report’s contributing editor Ajamu Baraka and members of the Communist Party Marxist-Kenya on a trip to Kibera, Africa’s largest slum.
  • Raymond Nat Turner, BAR poet-in-residence
    Ethnic cleansing called Katrina
    27 Aug 2025
    "Ethnic cleansing called Katrina" is the latest from BAR's Poet-in-Residence.
  • Jaribu Hill
    Solidarity, not Charity—End Jim Crow Recovery—Restore All Communities
    27 Aug 2025
    Jaribu Hill, Executive Director of the Mississippi Workers’ Center for Human Rights, recounts the aftermath of Hurricane Katrina on the Gulf Coast and the efforts to organize on behalf of the people.
  • Load More
Subscribe
connect with us
about us
contact us