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

  • Cuban doctors leaving Venezuela
    Black Agenda Radio with Margaret Kimberley
    U.S. Pressures CARICOM to End Cooperation with Cuba and Sends Venezuelans to El Salvador
    21 Mar 2025
    Camila Escalante is an editor for Kawsachun News and a Latin America correspondent for PressTV. She will discuss the latest Trump administration policies moves in Latin America. Secretary of State…
  • Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Will Trump Send U.S. Citizens to El Salvador?
    19 Mar 2025
    Showdowns between the Trump administration and the federal judiciary will determine the fate of everyone in the country, including whether the government has the right to send citizens to jail in…
  • ​​​​​​​ Ajamu Baraka, BAR editor and columnist
    Israeli Fascism Is Fueled by U.S. and European White Supremacy
    19 Mar 2025
    The unlimited support western powers give to Israel is a continuation of colonial violence and white supremacy. The U.S. and the west wield a false moral superiority over…
  • Ntozake Shange
    Editors, The Black Agenda Review
    POEM: Bocas: A Daughter's Geography, Ntozake Shange, 1983
    19 Mar 2025
    Ntozake Shange reminds us that whether we come from Haiti, Savannah, Luanda, or Palestine, we may not speak the same language, but “we fight the same old men.”
  • Ann Garrison, BAR Contributing Editor
    The Alliance of Sahel States Forges Ahead
    19 Mar 2025
    I spoke to Eugene Puryear, who traveled to the November 2024 Conference in Solidarity with the Peoples of the Sahel.
  • Load More
Subscribe
connect with us
about us
contact us