Ajay Kapur, global strategist at Citigroup, and his research team came up with the term “Plutonomy” in to describe a country that is defined. The full report is available here MarPlutonomy-Report-Leaked-Citigroup-Memo-Part1. 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.
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Smith bruceedmonds Kevin P. The s and s had been a period of enormous growth, the highest in American history, maybe in economic history. Almost all the smart folks we know — our investors, our colleagues, our friends in academia, politicians believe in some variant of these two stories.
Often these cititroup waves involve great complexity, exploited best by the rich and educated of the time. Citigroup reports available for download here: We project that the plutonomies the U.
Comments on issue 74 – repaired post and read comments on issue Now, the plutonomy is where the action is and it could continue like this. But unless the spirit of the last year, here and elsewhere in the country and around the globe, continues to grow and becomes a major force in the social and political world, the chances for a decent future are not very high.
They present themselves as looney, as well. By continuing to use this website, you agree to their use. Old Paradigm methodology rethinking economics Old Paradigm Economics Real World Economics Cigigroup revere award Revolving-Door Economists students teaching World Economics Association The Economy Arab World Bubbles budget deficits upward income redistribution crisis debt microcredit debt crisis depression economic development Economy education Eurozone Eurozone Crisis exploitation financial crisis financial markets food globalization Graphics Decline of the USA Quality of life indicators Greece Growth health housing bubble income inequality income redistribution inequality jobs Keynes Piketty’s Capital Plutonomy Political Economy Politics and the economy poverty Recession Social Security taxes Uncategorized unemployment upward income and wealth redistribution upward income redistribution The Economy and the Planet economics of climate change oil energy the planet and the economy WEA Books.
The link you provided no longer works. Things like this continue. You are commenting using your Facebook account. Email Article to Friend. Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a Plutoparticipant. Top Blog at WordPress.
This 35 page report begins: But as yet, there seems little political fight being born out on this battleground. The real cash incomes and wealth of middle class and working class have stagnated since while there has been a spectacular rise in income and plutonomj for the owners, managers, and servants of capital.
Plutonomy and the Precariat
Post was not sent – check your email addresses! Update on Sunday, January 2, at Screw democracy, long live the plutocrats. From his post bolding is his: According to BCG, about 15, households globally belong in this group of the super-rich. Plutocrats repent, your end is near. Sam Pizzigoti discusses and links to the recent Ad Age story, with this lede:. What bothers me most about this is that Obama is doing very little about it. Well anyway, nice to know that great minds think alike, as it were.
Plutonomy – Wikipedia
If only it were that. Update on Thursday, October 6, at Nothing that surprising, economically speaking, except for maybe the fact that their reaction, far from being outrage, is something bordering on gleeful.
Continental Europe ex-Italy and Japan are in the egalitarian bloc. The legislation, essentially bipartisan, drives new fiscal policies and tax changes, as well as the rules of corporate governance and deregulation.
But with enough popular support, they could have won. Why kill it off, if you can join it? And the Occupy movement is the first real, major, popular reaction that could avert this. Easier download of both documents: However this does not mean that governments are incapable of revoking property rights. Update on Tuesday, January 24, at Could the plutinomy die because the dream is dead, because enough of society does not believe they can participate?
Both memos can be downloaded herebut the first one seems to be a bit corrupted. Both reports were leaked and made available on the WEB.