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

  • Protester in support of the Alliance of Sahelian States
    David Broder
    African Unity Can’t Take Place on France’s Terms
    07 Feb 2024
    Mali, Burkina Faso, and Niger pulled out of the West African economic union ECOWAS, in major blow to the regional integration project and rejection of Emmanuel Macron’s efforts to…
  • Area in Gaza after bombing
    Abdulla Moaswes
    The Epistemicide of the Palestinians: Israel Destroys Pillars of Knowledge
    07 Feb 2024
    The genocide in Gaza includes the calculated destruction of Palestinian intellectual labor and knowledge producing institutions, part of Israel's larger colonial strategy of epistemological…
  • Black Agenda Radio
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio February 2, 2024
    02 Feb 2024
    In this week's segment we discuss abolishing slavery in the incarceration system, election year politics, and the recent attack on a U.S. drone base in Jordan.
  • Ray McGovern
    Black Agenda Radio with Margaret Kimberley
    Ray McGovern Analyzes U.S. Policy in the Middle East
    02 Feb 2024
    Ray McGovern, former CIA analyst and Co-Founder of Veteran Intelligence Professionals for Sanity (VIPS), joins us from Raleigh, North Carolina to discuss an attack on a U.S. base in Jordan…
  • Abolish Slavery National Network
    Black Agenda Radio with Margaret Kimberley
    Abolishing Prison Slavery in the U.S.
    02 Feb 2024
    We discuss this the 13th Amendment with Max Parthas, National Campaign Coordinator and Founding Member of the Abolish Slavery National Network. He joins us from South Carolina to discuss his…
  • Load More
Subscribe
connect with us
about us
contact us