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

  • Kagame and Other Stooges Do U.S. Bidding in Haiti
    Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Kagame and Other Stooges Do U.S. Bidding in Haiti
    19 Jul 2023
    The U.S. is committed to invading Haiti but needs Black “leaders” to give them cover.
  • ESSAY: Who Are the Enemies of Affirmative Action? Gerald Horne, 1980
    Editors, The Black Agenda Review
    ESSAY: Who Are the Enemies of Affirmative Action? Gerald Horne, 1980
    19 Jul 2023
    The enemies of affirmative action programs are not just slick conservatives and vulgar racists, but also greasy liberals, argues Gerald Horne. And their efforts to dismantle such programs began as…
  • Haitians Protest UN Occupation and Pending Foreign “Intervention”
    Ann Garrison, BAR Contributing Editor
    Haitians Protest UN Occupation and Pending Foreign “Intervention”
    19 Jul 2023
    Haitians protest oligarchic rule, UN occupation, and foreign military "intervention."
  • Black Alliance for Peace Once Again Calls on International Community To Reject U.S./U.N./CARICOM Plan for An Armed Intervention of Haiti
    Black Alliance for Peace Haiti/Americas Team
    Black Alliance for Peace Once Again Calls on International Community To Reject U.S./U.N./CARICOM Plan for An Armed Intervention of Haiti
    19 Jul 2023
    All of Haiti's ills stem from interventions, invasions and interference in its affairs. The new call for a US/UN/CARICOM invasion is part of a long running plan to undermine the sovereignty of the…
  • BAR Book Forum: Interview with Ampson Hagan
    Roberto Sirvent, BAR Book Forum Editor
    BAR Book Forum: Interview with Ampson Hagan
    19 Jul 2023
    This week’s featured scholar is Ampson Hagan. Hagan is Dean's Research Associate Postdoctoral Fellow in the Department of Anthropology at Michigan State University. His article is “Coloniality of…
  • Load More
Subscribe
connect with us
about us
contact us