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


  • Alan MacLeod
    From Fight the Power to Work for It: Chuck D, Public Enemy and How the CIA Neutralized Rap
    28 Aug 2024
    Chuck D was once seen as a rapper with the politics to back up his lyrics. But in recent years he has thrown his hat in the ring with the Department of State, acting as a willing agent of the U.S.…
  • Ashon Crawley
    Opinion Op-Ed: Sen. Warnock’s Calls For Justice And Equality vs. His Legislative Record
    28 Aug 2024
    Listening to his speech at the Democratic National Convention, contradictions emerged.
  • Black Agenda Radio
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio August 23, 2024
    23 Aug 2024
    This week, we hear from the co-authors of a new book about the growth of militarized policing facilities. Also, we revisit commentary from 2018, which explains that Washington’s support for apartheid…
  • Bwa Kayiman ceremony
    Black Agenda Radio with Margaret Kimberley
    Bwa Kayiman and the Haitian Revolution
    23 Aug 2024
    Dahoud Andre, with KOMOKODA, joins us for a conversation about Bwa Kayiman, the ceremony that launched the Haitian revolution, and its lasting legacy.
  • Beyond Cop Cities
    Black Agenda Radio with Margaret Kimberley
    Beyond Cop Cities: Dismantling State and Corporate-Funded Armies and Prisons
    23 Aug 2024
    Joy James and Kalonji Changa join us to talk about their new book, Cop Cities: Dismantling State and Corporate-Funded Armies and Prisons, which examines militarized policing illustrated by the…
  • Load More
Subscribe
connect with us
about us
contact us