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


  • BAR Book Forum: Camilla A. Hawthorne’s Book, “Contesting Race and Citizenship”
    Roberto Sirvent, BAR Book Forum Editor
    BAR Book Forum: Camilla A. Hawthorne’s Book, “Contesting Race and Citizenship”
    12 Apr 2023
    This week’s featured author is Camilla A. Hawthorne. Hawthorne is Associate Professor in the Department of Sociology at UC Santa Cruz. Her book is Contesting Race and Citizenship: Youth Politics in…
  • The Response To Twitter Labeling NPR "State-Affiliated Media" Exposes The True Purpose Of The Labels All Along
    Jacqueline Luqman
    The Response To Twitter Labeling NPR "State-Affiliated Media" Exposes The True Purpose Of The Labels All Along
    12 Apr 2023
    Twitter CEO Elon Musk recently became the broken clock that is right twice a day when he correctly pointed out the NPR and the BBC are state affiliated outlets. Corporate media work hand in hand with…
  • Misleadership in the Bronx: AOC, the Fraud Squad, Military Recruiters and U.S. Imperialism
    Richie Merino , Danny Shaw
    Misleadership in the Bronx: AOC, the Fraud Squad, Military Recruiters and U.S. Imperialism
    12 Apr 2023
    Congresswoman Alexandria Ocasio-Cortez is the best known of the so-called progressives. Her leftist image is a pose which intentionally creates political confusion.
  • The “Powell Memo” and the Supreme Court: A Counteroffensive Against the Many
    Derek Ford
    The “Powell Memo” and the Supreme Court: A Counteroffensive Against the Many
    12 Apr 2023
    Written in 1971 by Lewis Powell before he joined the U.S. Supreme Court, the Powell Memo was a call to the U.S. capitalist class to construct a more intentional, coherent and focused…
  • ‘Zone of Peace’ Campaign Launched In 3 Countries to Build ‘People(s)-Centered Movement’ in the Americas
    Julie Varughese
    ‘Zone of Peace’ Campaign Launched In 3 Countries to Build ‘People(s)-Centered Movement’ in the Americas
    12 Apr 2023
    The Zone of Peace campaign is a "people(s) centered" grassroots effort to end imperialist domination throughout the Americas.
  • Load More
Subscribe
connect with us
about us
contact us