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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Citigroup’s plutonomy memos | mathbabe
Often these wealth waves involve great complexity, exploited best by the rich and educated of the time. Sorry, your blog cannot share posts by email. Ralph — you need to do a bit more of that checking. Send them to all your local media outlets.
Screw democracy, long live the plutocrats.
Plutonomy and the Precariat
There are a lot of reasons for it. This 35 page report begins: A third threat comes from the potential social backlash.
The Citigroup Plutonomy Memos: The outcome of the deficit commission is probably going to be the opposite. Send a message to conspiracy. Also New Deal legislation was beginning to come in as a result of popular pressure. I should say that, in the s and s, there was also the development of what several decades later became the high-tech economy: This cycle resulted in a tremendous concentration of wealth, mainly in the top tenth of one percent of the population.
And this is connected to a huge propaganda system, proudly and openly declared by the business world, to try to convince people that climate change is just a liberal hoax.
Why kill it off, if you can join it? Stephan on January 24, Something has to be done about it very soon in a dedicated, sustained way.
The parties dissolved in many ways. Finally, from the third memo: In this book, he shows a strong long-term trend toward more concentrated income and wealth. In plutonomies the rich absorb a disproportionate chunk of the economy and have a massive impact leakwd reported aggregate numbers like savings rates, current account deficits, consumption levels, etc.
A multinational decided to close down a profitable, functioning facility carrying leaker some high-tech manufacturing. The summary on the first page of this memo, which another report for their super-wealthy […].
They are richer than ever, more powerful than ever, controlling the political system, disregarding the public. As for the rest, we set them adrift. For centuries, since the country lealed, it had been a developing society, and not always in very pretty ways.
To use Rawls-ian analysis, the invisible hand stops working. There were other factors. The United States is also taking steps, mainly to accelerate the plutonomu. Conspiracy – a secret plan by a group to do something unlawful or harmful.
Plutonomy and the Precariat | HuffPost
The World is dividing into two blocs — the Plutonomy and the rest. Easier download of both documents: Just to make it more surreal, while this option was being avoided, the Obama administration was sending its transportation secretary to Spain to get contracts for developing high-speed rail for the United Ciitibank, which could have been done right in the rust belt, which is being closed down.
They posit a few reasons for this change: