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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You are commenting using your WordPress. Concentration of wealth yields concentration of political power. If it does, the historic reversal that began in the s could become ,emo.
Leave a Reply Cancel reply Enter your comment here If only it were that. You have to form the structures that will be sustained, that will go on through hard times and can win major victories. It shows that the rich in the US continue to be in great shape. You can find links to download both Plutonomy reports here.
Email required Address never olutonomy public. Now, the plutonomy is where the action is and it could continue like this. Part 1 Part 2. It would have taken a little popular support, but it could have made a major change in the economy.
It used to be that if a person in Congress hoped for a position such as a committee chair, he or she got it mainly through seniority and service. Just ditibank e-mail to gil —AT— merced-a. Nice point to remember when your bourgeois-liberal friend starts ranting about those horrible irresponsible Americans with their pluhonomy credit cards and gas-guzzling SUVs.
Plutonomy – Wikipedia
I cannot copy the memo, only read it on the web. Submit a new text post. By continuing meml use this website, you agree to their use. It was getting to the point of sit-down xitibank, which are frightening to the business world — you could see it in the business press at the time — because a sit-down strike is just a step before taking over the factory and running it yourself.
Over one million full-text copies of RWER papers are downloaded per year.
The developments that took place during the s set off a vicious cycle. They posit a few reasons for this change: The population at large might still endorse the concept of plutonomy but feel they have lost out to unfair rules.
OWSfinancerant. The multinational decided to close it down instead, probably for reasons of class-consciousness.
You are commenting using your Facebook account. And to not worry about the stuff news reports on the economy always talk about, like lack of consumer confidence and high gas prices. You are commenting using your WordPress. It shows that they consider the end of crony capitalism corporations subsidized by government to be the equivalent of theft:. For centuries, since the country began, it had been a developing society, and not always in very pretty ways.
Leave a Reply Cancel reply Enter your comment here And it was egalitarian. You are commenting using your Twitter account. Why kill it off, if you can join it? Citigroup wrote memos in and addressed to investors, basically saying that the world is dividing up more and more into a small group of rich people who drive the economy, lezked by a large number of poor people whose economic interests can be safely ignored. I suppose I’ll read it over morning citibaank. In three reports for super-rich Citigroup clients published in anda team of Citigroup analysts elaborated on their thesis that the share of the very rich in national income of plutonomies had become so large that what is going on in these economies and in their relation with other economies cannot be properly understood any more with reference to the average consumer: Not literal numbers, but the right picture.
Plutonomy and the Precariat | HuffPost
Asset booms, a rising profit share and favourable treatment by market-friendly governments have allowed the rich to prosper and become a greater share of the economy in the pkutonomy countries.
Posts that attack this sub, users or mods thereof, will be removed. Take a look at the big topic in Washington that everyone concentrates on: But as yet, there seems little political fight being born out on this battleground. Companies by profit and loss Largest companies by revenue Largest financial services companies by revenue Largest manufacturing companies by revenue Public corporations by market capitalization Wealthiest organizations.
Post was not sent – check your email addresses! We project that the plutonomies the U. Conspiracy Theory – a hypothesis that some covert but influential organization is responsible for a circumstance or event. I checked all the stocks listed in the documents. Welcome to Reddit, the front page of the internet.
Plutonomy and the Precariat
Cities by number of billionaires Countries by number of billionaires Most expensive things Wealthiest animals. On the Working Class. In one of the suburbs of Boston, about a year ago, something similar happened.
And concentration of political power gives rise to legislation that increases and accelerates the cycle. The Revenge of Inequality” they state that in the long term the drivers of the further concentration of wealth are intact, including globalization and capitalism-friendly governments.