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


  • Modern Day Reconstruction and Tennessee's Expulsion of Black Lawmakers
    Jon Jeter
    Modern Day Reconstruction and Tennessee's Expulsion of Black Lawmakers
    19 Apr 2023
    The temporary expulsion of two Black Tennessee legislators was a reminder of why even a tiny semblance of Black political independence is feared and hated. The expressions of support from …
  • Apologies Not Accepted - Or I Love It When The Universe Proves Me Right
    Jacqueline Luqman
    Apologies Not Accepted - Or I Love It When The Universe Proves Me Right
    19 Apr 2023
    Jacqueline Luqman was vilified for pointing out a simple fact. Black people will not make common cause with racists and bigots. Racists do not get a pass because they call themselves anti-war.
  • Piura No Longer a Fujimori Stronghold
    Clau O'Brien Moscoso
    Piura No Longer a Fujimori Stronghold
    19 Apr 2023
    Peru is facing popular struggle in the wake of a coup which ousted President Castillo. It must also confront a legacy of political corruption.
  • Haiti, Hunger, and US Prison Imperialism
    James Patrick Jordan
    Haiti, Hunger, and US Prison Imperialism
    19 Apr 2023
    Imposing coups, forcing fake elections, denying asylum claims, and kidnapping a president aren't enough subjugation for the US to carry out against Haiti. US built prisons are a death trap for…
  • France in 2023
    Philippe Gendrault
    France in 2023
    19 Apr 2023
    France raised the pension age in the name of a "reform" that is nothing more than the EU sanctions regime at work. French workers have been in a continued state of protest in response.
  • Load More
Subscribe
connect with us
about us
contact us