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
  • omnibus

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


  • x
    North-South Project for People(s)-Centered Human Rights
    Inequality in Kenya: View from Kibera
    02 Sep 2025
    Poverty i
  • x
    The Editors
    Black Agenda Report Will Return on September 10, 2025
    02 Sep 2025
    Black Agenda Report will return with our next issue on Wednesday, September 10. Please watch our new video, "Inequality in Kenya: View From Kibera," produced in collaboration with the North-South…
  • asdf
    Glen Ford, BAR Executive Editor
    Katrina Victims: Relocated or Forced into Exile?
    27 Aug 2025
    Black Agenda Report's late Executive Editor, Glen Ford, gave this interview a decade after Hurricane Katrina to explore how the narrative of "starting over" is being used to whitewash the forced…
  • Hurricane Katrina man on car
    Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Why We Remember Katrina
    27 Aug 2025
    Twenty years ago, the world witnessed more than the suffering of hurricane Katrina's victims. The United States was exposed as a failed state controlled by the cruelties of racialized capitalism.
  • Editors, The Black Agenda Review
    ESSAY: This is Criminal, Malik Rahim, New Orleans, September 1st, 2005
    27 Aug 2025
    “It’s not like New Orleans was caught off guard. This could have been prevented.”
  • Load More
Subscribe
connect with us
about us
contact us