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


  • Jeb Sprague , Kit Klarenberg
    Secret cable: CIA orchestrated Haiti’s 2004 coup
    13 Mar 2024
    A classified diplomatic cable obtained by The Grayzone reveals the role of a veteran CIA officer in violently overthrowing Haiti’s popular President Jean-Bertrand Aristide in 2004.
  • Frank Chapman
    Frank Chapman Calls on Communities to Unite and Oppose Racist Attacks on Migrants
    13 Mar 2024
    Frank Chapman calls on Black and Brown communities in Chicago to unite in struggle against the forces that oppress us all.
  • Joe Biden collage
    K.J. Noh 
    US Readies 'Transnational Kill Chain' For Taiwan Proxy War
    13 Mar 2024
    The U.S. is putting into place the final pieces to spark another proxy war, this time in Taiwan.
  • Black Agenda Radio
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio March 8, 2024
    08 Mar 2024
    A discussion about violence against a Black woman in the Black liberation movement and the political actions planned for this summer's upcoming nominating conventions. First, the story of a professor…
  • An Honest Living
    Black Agenda Radio with Margaret Kimberley
    Steven Salaita's An Honest Living: A Memoir of Peculiar Itineraries
    08 Mar 2024
    Steven Salaita talks to us about his new book, "An Honest Living: A Memoir of Peculiar Itineraries", a story about his life following his termination from a tenured professorship due to his…
  • Load More
Subscribe
connect with us
about us
contact us