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


  • Black Alliance For Peace
    Black Alliance for Peace Condemns the Federal Indictments of Uhuru 3 and Denial of their Fundamental Human Rights to Speech, Association, Information and Political Dissent
    04 Sep 2024
    The federal trial of the Uhuru 3 has begun. The egregious charges of being foreign agents don't bode well for the future of free speech and the radical Black movement. However, the movement will…
  • Nemanja Lukić
    Europe’s Thirst for Green Imperialism in Serbia
    04 Sep 2024
    The new lithium mining project between Germany and Serbia appears to be part of an ongoing imperialist strategy to compete with China. The Serbian people are rising to reject this project and…
  • Anima Adjepong
    A Hellscape of False Options
    04 Sep 2024
    The options for political representation are bleak - it may be better to say there isn't much of a choice at all. With Kamala Harris as the Democratic nominee, voters may have someone who presents a…
  • Too Black
    Unburdened by Palestine: Shedding Black liberalism for anti-imperialism
    04 Sep 2024
    Liberals are demanding that Black people in the U.S. put aside our long tradition of anti-imperialism to support Kamala Harris and sacrifice Palestine in the process.
  • Tamara Nassar
    Israel’s intensifying killing can’t defeat West Bank resistance
    04 Sep 2024
    Israel has increased its attacks in the West Bank as it pushes to expand its settlements and attempt to expel Palestinians from their lands.
  • Load More
Subscribe
connect with us
about us
contact us