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


  • Ann Garrison, BAR Contributing Editor
    In Defense of Eric Nshimiye
    24 Apr 2024
    The Canton Repository published Ann Garrison’s op-ed in support of Eric Nshimiye on April 22. The US Attorney’s office has charged Eric with concealing genocide crimes on his asylum application.
  • Richard Medhurst
    Roberto Sirvent, BAR Book Forum Editor , Richard Medhurst
    U.S. Corporate Media Watch
    24 Apr 2024
    In this feature, we interview Syrian-born journalist Richard Medhurst about state propaganda, the mainstream media, and U.S. imperialism.
  • Protesters holding Seder
    Anthony Rogers-Wright
    A Black Jew’s Passover Message
    24 Apr 2024
    In this time when Israel and Zionism have become the representation of Judaism, Jewish people, especially Black Jews, should reflect on what it means to observe Passover during an ongoing…
  • Columbia University President Minouche Shafik
    Jacqueline Luqman
    Colleges and Universities Collaborate With The State To Silence Pro-Palestine Protests
    24 Apr 2024
    On campuses across the country, students and faculty are finding various ways to take action against the unfolding genocide in Gaza. In response, colleges and universities operate in collusion with…
  • Map of Niger in West Africa
    Abayomi Azikiwe
    Russian Advisors Arrive in Niger While the Masses Demand the Immediate Withdrawal of Pentagon Troops
    24 Apr 2024
    Thousands gathered in Niamey to call for the departure of United States drone stations and soldiers.
  • Load More
Subscribe
connect with us
about us
contact us