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


  • Zone of Peace Campaign Press Conference
    Black Agenda Radio with Margaret Kimberley
    Zone of Peace Campaign Press Conference
    07 Apr 2023
    The Black Alliance for Peace Zone of Peace campaign launch event took place in Washington DC.
  • Ajamu Baraka Discusses the Zone of Peace and Kamala Harris’ Trip to Africa
    Black Agenda Radio with Margaret Kimberley
    Ajamu Baraka Discusses the Zone of Peace and Kamala Harris’ Trip to Africa
    07 Apr 2023
    Ajamu Baraka discusses the Zone of Peace campaign.
  • Trump Derangement Syndrome Returns
    Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Trump Derangement Syndrome Returns
    05 Apr 2023
    If democrats were smart, Donald Trump would be a disgraced former president, forgotten by all but his most ardent admirers. But they aren't smart and they may have given him a political resurrection.
  • ESSAY: New Creation or Familiar Death? An Open Letter to Black Students in the North: Vincent Harding, 1969
    Editors, The Black Agenda Review
    ESSAY: New Creation or Familiar Death? An Open Letter to Black Students in the North: Vincent Harding, 1969
    05 Apr 2023
    Vincent Harding’s reflections on the expansion of Black Studies in the 1960s offers an ominous warning on the hiring of Black faculty and administrators today.
  • Paul Rusesabagina is free after being kidnapped and taken to Rwanda in 2020. But Rwanda's president Kagame no doubt exacted a high price from the U.S. in exchange for his freedom and will resume pillaging Congo with no fear of interference.
    Ann Garrison, BAR Contributing Editor
    US Uses Rusesabagina’s Release to Whitewash Its Decades of Support for the Kagame Regime
    05 Apr 2023
    Paul Rusesabagina is free after being kidnapped and taken to Rwanda in 2020. The US claims credit for pressuring Rwanda to release him, hoping to distract the world from its decades of support for…
  • Load More
Subscribe
connect with us
about us
contact us