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


  • Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Eric Adams and the Death of Black Politics
    09 Oct 2024
    The indictment of New York City mayor Eric Adams is the latest example of moribund Black politics. Rich donors and corporate media decide who will be elected to office, while the people’s needs go…
  • ​​​​​​​ Ajamu Baraka, BAR editor and columnist , Margaret Kimberley, BAR Executive Editor and Senior Columnist
    October 7th, The Election and Capitalist Crisis, A Conversation with Ajamu Baraka
    09 Oct 2024
    Margaret Kimberley and Ajamu Baraka discuss the US upcoming presidential election, and the historic events unfolding in Western Asia - where Israel continues its onslaught of the region with an…
  • Editors, The Black Agenda Review
    ESSAY: Rethinking Race, Rethinking Class, Charles W. Mills, 1995
    09 Oct 2024
    “We need to give greater theoretical centrality to the fact that European conquest of the world has established what is in effect: global white supremacy.”
  • Ann Garrison, BAR Contributing Editor
    Social Media Beyond Corporate Control
    09 Oct 2024
    ​​​​​​​Social media bans on African Stream should remind us that corporations will never facilitate anti-imperialist, anti-capitalist narratives and stir us to look for alternatives.
  • Abayomi Azikiwe, Black Agenda Report Contributor
    Britain Cedes Control of the Chagos Islands to Mauritius While Maintaining Pentagon Base
    09 Oct 2024
    After nearly six decades, the right to self-determination and independence is still being denied to the Indigenous people as the United States prepares for expanding imperialist wars in Asia and…
  • Load More
Subscribe
connect with us
about us
contact us