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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Citigroup’s plutonomy memos | mathbabe
However, labor has, relatively speaking, lost out. Perhaps one reason that societies allow plutonomy, plutonimy because enough of the electorate believe they have a chance of becoming a Pluto-participant. What bothers me most about this is that Obama is doing very little about it. The s and s had been a period of enormous growth, the highest in American history, maybe in economic history.
But as yet, there seems little political fight being born out on this battleground. There was a pretty constant expectation that it was going to go on like this. Update on Wednesday, March 14, at Sorry, your blog cannot share posts by email. Can someonoe please e-mail me the report?
Practically every country in the world is taking at least halting steps towards trying to do something about ctiigroup. In one of the two memos made famous in Michael Moore’s film Capitalism: Things like this continue. Notify me of new comments via email. The legislation, essentially bipartisan, drives new fiscal policies and tax changes, as well as the rules of corporate governance and deregulation.
Our thesis is that the rich are the dominant drivers of demand in many economies around the world the US, UK, Canada and Australia. In and Citigroup issued two now notorious but highly significant reports for the exclusive use of its richest clients. mem
Our overall conclusion is that a backlash against plutonomy is probable at some point. Citigroup reports available for download here: Update on Tuesday, January 24, at In plutonomies the rich absorb a disproportionate chunk of the economy and have a massive impact on reported aggregate numbers like savings rates, current account deficits, consumption levels, etc.
The outcome of the deficit commission is probably going to be the opposite.
Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest”
The activism of those years, after a pretty dismal decade, really civilized the country in lots of ways that are permanent. To continue with the U.
Significantly it notes that: That was true even in very dark times. Tap here to turn on desktop notifications to get the news sent straight to you. They present themselves as looney, as well. You can either use the [ Trackback URL ] for this entry, or link to your response directly.
References will be subject to editor approval before appearing. In their study “Piketty and Plutonomy: I managed to get 2 from the Greencard site…. Notify me of new comments via email.
You are commenting using your Twitter account. The workforce and the union offered to buy it, take it over, and run it themselves. The parties dissolved in many ways. Show them to your conservative citigrroup, the ones who believe we still live in a society where everyone can be rich if they just work hard enough. You are commenting using your Facebook account.
Wealth concentration Economic inequality. Both reports were leaked and made available on the WEB. From Wikipedia, the free encyclopedia.
Plutonomy – Wikipedia
Screw democracy, long live the plutocrats. Plutoomy the Working Class. Of course, Naomi Klein, being a journalist rather than an investment banker, spent time with the victims of all these policies and thus was pretty pissed off about them.
But if voters feel they cannot participate, they are more likely to divide up the wealth pie, rather than aspire to being truly rich.