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
  • omnibus

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


  • Tamanisha John
    Resisting Dependency: U.S. Hegemony, China’s Rise, and the Geopolitical Stakes in the Caribbean
    25 Jun 2025
    The Caribbean has become an emerging battleground in the U.S.-China rivalry, as regional states strategically navigate between the demands of superpowers and their own development needs.
  • Nicholas Mwangi
    Ghana’s Support for Morocco’s Autonomy Plan Undermines Western Sahara’s Push for Sovereignty
    25 Jun 2025
    Ghana endorsed Morocco’s autonomy plan for Western Sahara, abandoning its long-held support for Sahrawi sovereignty. Now Ghana is aligned with Morocco’s expanding economic and diplomatic maneuver…
  • Progressive International
    "Their aim is silence — ours is truth"
    25 Jun 2025
    Statement from the Sovereign Media collective, a new coalition of anti-imperialist media organizations, on the Israeli regime's assault on journalists from Palestine to Iran.
  • Baraka on LSR
    ​​​​​​​ Ajamu Baraka, BAR editor and columnist , Charisse Burden-Stelly, PhD , Layla Brown, PhD
    Ajamu Baraka Speaks on Israel, Iran, and Zionism
    25 Jun 2025
    Ajamu Baraka joins LSR to discuss BAP's June 13, 2025, statement, "The Middle East is On Fire Because Israeli and U.S. Imperialism Lit the Match". What is the current situation in the region? How…
  • BAR Radio Logo
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio June 20, 2025
    20 Jun 2025
    In this week’s segment, we hear about the liberation struggle in the southern African nation of Swaziland, where an imperialist-backed monarchy holds political prisoners and engages in other…
  • Load More
Subscribe
connect with us
about us
contact us