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


  • Presidential debate
    Black Agenda Radio with Margaret Kimberley
    Harris and Trump Debate and the 2024 Presidential Campaign
    13 Sep 2024
    Jon Jeter joins us from Washington to talk about the debate between Kamala Harris and Donald Trump and the 2024 presidential campaign.
  • Israel bombs mosque in the West Bank
    Black Agenda Radio with Margaret Kimberley
    Israel's West Bank Invasion
    13 Sep 2024
    Rawan Masri of Decolonize Palestine joins us to talk about events in Palestine, on the West Bank, where the IDF sent troops into the occupied territory and engaged in mass arrests, shootings, and…
  • The Soviet Union
    Bruce A. Dixon , BAR managing editor
    US Fake World War 2 History Underlies Permanent Bipartisan Hostility Toward Russia
    11 Sep 2024
    Black Agenda Report revisits this commentary from the late Bruce Dixon.
  • Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Harris and Trump Debate Maintenance of the Status Quo
    11 Sep 2024
    The debate between Kamala Harris and Donald Trump featured a rehash of neo-liberal and imperialist talking points. Both are committed to disastrous policies domestically and internationally.
  • Editors, The Black Agenda Review
    STATEMENT: Paul Robeson Before the House Un-American Activities Committee, June 12, 1956
    11 Sep 2024
    Revisiting Paul Robeson’s prepared statement to the House Un-American Activities Committee–during a new era of repression.
  • Load More
Subscribe
connect with us
about us
contact us