In , Citigroup came out with a brochure for investors called “Plutonomy: Buying Luxury, Explaining Global Imbalances.” It urged investors. Maybe I’m the last person who’s hearing about the Citigroup “plutonomy memos”, but they’re blowning me away. Wait, now that I look around. The full report is available here MarPlutonomy-Report-Leaked-Citigroup-Memo-Part1.
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Notify me of new comments via email. Their strategy seems to be rather short-sighted.
Plutonomy and the Precariat
Submission Statements are required for link and image posts. It’s like some kind of sick children’s fable.
So what makes Citigroup want to shut this story up? This page was last edited plutonomu 29 Novemberat They are richer than ever, more powerful than ever, controlling the political system, disregarding the public.
While this tends to be something more often seen in countries with a shorter history of capitalist democracy, such as the Ukraine attempts to undo prior privatizationsor Russia where some of our clients believe events surrounding Mikhail Khodorovsky to be a form of nationalizationit can happen in the strangest nemo places.
In the s, unemployed working people could anticipate that their jobs would come back. According to Kapur and team, “the balance sheets of the plutonomists have been an important transmission channel of monetary policy.
You can find links to download both Plutonomy reports here. The name is familiar.
Citigroup attempts to disappear its Plutonomy Report #2 | Real-World Economics Review Blog
There were other factors. Things like this continue. While the financial wealth of the sub-millionaires is expected to increase by 3. Before the s, banks were banks. citibsnk
Continental Europe ex-Italy and Japan are in the egalitarian bloc. Fill in your details below or click an icon to log in: Or it could be quotes like these, explaining fears of the plutocrats regarding tax policy: You are commenting using your WordPress. And this is considered a good thing.
That changed dramatically in the s. This site uses Akismet to reduce spam. Wealth concentration Economic inequality. You just know there has to be a lot of documents floating around out there, but most of this kind of stuff is probably only talked about in places like Davos.
A TomDispatch regularhe is the author of numerous best-selling political works, most recently, Hopes and ProspectsMaking the Futureand Plutknomypublished by Zuccotti Park Pressfrom which this speech, given last October, is excerpted and adapted.
Send them to all your local media outlets. Smith bruceedmonds Kevin P. The World is dividing into two blocs — the Plutonomy mwmo the rest.
There might be a connection with Robert Gordon. Download the Citigroup plutonomy memos here: According to BCG, about 15, households globally belong in this group of the super-rich. Email required Address never made public.
Or it could memoo quotes like these, explaining fears of the plutocrats regarding tax policy:. Theory – a supposition or a system of ideas intended to explain something.