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


  • Haitian flag
    Black Agenda Radio with Margaret Kimberley
    Construction of the Ouanaminthe Canal in Haiti, Part 2
    22 Dec 2023
    Dahoud Andre joins us from KOMOKODA, the Committee to Mobilize Against Dictatorship in Haiti.
  • PAIGC
    Black Agenda Radio with Margaret Kimberley
    The PAIGC Struggle for Democracy in Guinea-Bissau
    22 Dec 2023
    We're joined by Imani Umoja of the PAIGC (African Party of Independence of Guinea and Cape Verde) and the All-African People's Revolutionary Party, the steering committee of the Black Alliance for…
  • Image of the CARICOM headquarters
    Isabelle Papillon
    The Great CARICOM Bluff
    20 Dec 2023
    The presence of CARICOM in Haiti to mediate talks is believed to be merely a smokescreen to further deceive the popular masses and continue the ruin of the country.
  • Collage saying "we are the union"
    Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Southern Human Rights Organizing and the Amazon Workers' Struggle
    20 Dec 2023
    Margaret Kimberley spoke with Jennifer Bates, an organizer with the BAmazon Union, at the Southern Human Rights Organizers Conference (SHROC) which was recently held in Nashville, a…
  • REVIEW: Radical Black Reading, 2023
    Editors, The Black Agenda Review
    REVIEW: Radical Black Reading, 2023
    20 Dec 2023
    An end of the year radical Black reading list from the editors of The Black Agenda Review.
  • Load More
Subscribe
connect with us
about us
contact us