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


  • Nora Barrows-Friedman
    Rafah “obliterated” by Israel’s attacks
    16 Apr 2025
    Israel is intensifying its genocidal assault on Gaza—starving civilians, bombing hospitals, and burning journalists alive. Yet amid the devastation, Palestinians persist in acts of defiant resistance.
  • Daniel Noboa
    Oscar León
    Daniel Noboa’s Electoral Theft Will Cement Cartel and Corporate Control Over Ecuador
    16 Apr 2025
    President Daniel Noboa is accused of stealing Ecuador’s election. He’s now poised to consolidate control of a system that has benefitted cartels and multinational corporations – including his family…
  • BAR Radio Logo
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio April 11, 2025
    11 Apr 2025
    In this week’s segment, we hear about a new effort to have an independent, socialist candidate on the ballot in New York City’s upcoming mayoral race. But first, we speak to an academic about the…
  • Dr. Helyeh Doutaghi
    Black Agenda Radio with Margaret Kimberley
    Palestine Solidarity Under Attack: A Conversation with Helyeh Doutaghi
    11 Apr 2025
    Our guest is Dr. Helyeh Doutaghi. She was Deputy Director of the Law and Political Economy Project at Yale University Law School until she was targeted by Zionist groups dedicated to silencing anyone…
  • The Break
    Black Agenda Radio with Margaret Kimberley
    The Break NYC and the Need for a Socialist, Independent Mayoral Candidate in New York City
    11 Apr 2025
    A new organization, The Break NYC, has recently formed and is dedicated to finding and endorsing an independent leftist committed to staying in the race and appearing on the ballot. Two members of…
  • Load More
Subscribe
connect with us
about us
contact us