Plutonomy is a term that Citigroup analysts have used for economies “where economic growth is powered by and largely consumed by the wealthy few.”. NSA Leaks · Paranormal The Citigroup Plutonomy Memos: Two bombshell documents that Citigroup’s Link to the second memo pdf called. I cannot copy the memo, only read it on the web. Its willingness to write so honestly about our neoliberal capitalism, it is interesting and worthy.
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Now, the plutonomy is where the action is and it could continue like this.
These are class reasons, and reflect the lack of popular political mobilization. However, Citigroup seems to have been successful in preventing a wider discussion about the memos, due to their legal actions. Notify me of new comments via email. This equal voting power seems to be a pretty serious concern for their plans.
Leked it has an objective basis. For decades, Citigroup has been one of the most corrupt of the major investment banking corporations, repeatedly bailed out by the taxpayer, starting in the early Reagan years and now once again.
The GFC resulted in massive transfers of dollars from ordinary taxpayers to the wealthy via the bail-outs when the big financial institutions momentarily embraced socialism. Both reports were ciibank and made available on the WEB. A third threat comes from the potential social backlash. Regarding your closing quote about equal voting power with the rich, I would inreasingly question this. Thanks for posting — you might like this one too: Brotep Back like a bad rash.
Plutonomy – Wikipedia
Sorry, your blog cannot share posts by email. Things you could do now to push the cause? Disruptive technology-driven productivity gains, creative financial innovation, capitalist- friendly cooperative governments, an international dimension of immigrants and overseas conquests invigorating wealth creation, the rule of law, and patenting inventions.
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 of places.
My e-mail is leninha. Look up plutonomy in Wiktionary, the free dictionary. The reports are available for the time being: Tap here to turn on desktop notifications to get the news sent straight to you.
Plutonomy and the Precariat | HuffPost
And the reason is simple: By continuing to use this website, you agree to their use. The key challenge for corporates in this space is to maintain the mystique of prestige while trying to grow revenue and hit the mass-affluent market.
Like say, Bachmann, Palin, etal? Doktor Howl on June 26, I would greatly appreciate it as none of the links are currently functioning.
Things like this continue.
During this discussion, Ajay Kapur the author of the plutonomy-theses, which is closely related to Piketty’s theses, entered the public stage again in May What might cause the elastic to snap back? This page was last edited on 29 Novemberat citiabnk You may get shit on by your olutonomy betters, but here is a whole bunch of untermenschen to take out your rage on!
That changed dramatically in the s.
The authors of these studies predicted that the global trend toward plutonomies would continue, for various reasons, including “capitalist-friendly governments and tax regimes”.
Just send e-mail to gil —AT— merced-a. The citizens in the “Plutonomies” are expected to swallow this bitter pill.
Meanwhile, it opened a period of stagnation or even decline for the majority of the population. There are, for the first time in human history, real threats to the decent survival of the species.
The Good Reverend Roger on June 23, Email required Address never made public. You are commenting using your Twitter account. The Uber-rich, the plutonomists, are likely to see net worth-income ratios surge, driving luxury consumption. Ciitibank openly acknowledge that our current system produces gigantic inequality of wealth. The lowest quintile did about as well as the highest quintile. Wait, now that I look around, I see that Yves Smith at Naked Capitalism posted about this on October 15,almost three years ago, and called for people to protest the annual meetings of the American Bankers Association.
Michael Moore referred to them in Capitalism: SImply download the document, save it or copy it as it is about 62 pags long—-you can also print and scan——. Notify me of new posts via email.
Plutonomy and the Precariat
In andseveral analysts at Citigroup took a very, very close look at the economic inequalities within the USA and other countries and wrote two memos which were addressed to their very wealthy customers.
They did what banks were plutnomy to do in a state capitalist economy: That is not true. Edward Fullbrook and Jamie Morgan.