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

  • Ann Garrison, BAR Contributing Editor
    Commemorate Genocide against the People of DR Congo
    05 Mar 2025
    The Congolese Action Youth Platform (CAYP) is campaigning for the recognition of the Genocide against the people of DR Congo to be commemorated on August 2nd, the anniversary of Rwanda and Uganda’s…
  • Elon Musk
    Raymond Nat Turner, BAR poet-in-residence
    Is this ‘Constructive Engagement' 2.0— Or, Freddo frontin’ for Heil tech Hitler?
    05 Mar 2025
    "Constructive Engagement 2.0— or Freddo frontin’ for heil-tech Hitler?" is the latest from BAR's Poet-in-Residence.
  • Jon Jeter
    In Maryland, Cracking Down on a Crime Wave that Doesn’t Exist With Laws That Don’t Work
    05 Mar 2025
    Maryland has been enforcing harsher criminal laws, using the claim of a crime wave that does not exist. This crackdown funnels Black children into an incredibly draconian legal system. Now, there is…
  • Hanna Eid
    American Lumpen Development - The Data Center Boom
    05 Mar 2025
    The rise of the data and technology industry plays a key role in the rapid deterioration of social and economic conditions in the U.S.
  • Gavin O'Reilly
    Zelensky and Netanyahu - A Tale of Two White House Visits
    05 Mar 2025
    The contrast between the reception of Volodymyr Zelensky and Benjamin Netanyahu upon their visits to the White House was stark. This treatment seems to signal a shift in the Trump administration's…
  • Load More
Subscribe
connect with us
about us
contact us