Plutonomy is a term that Citigroup analysts have used for economies “where economic growth In three reports for super-rich Citigroup clients published in and , a team of Citigroup analysts elaborated on their thesis that the share. a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report . Reports Letter to Shareholders. Reports. Annual Report (full web version) · Annual Report (pdf) · Proxy Statement. Letter to Shareholders.
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There are many lessons to be learned from the film — But the one that struck me, the one I’m motivated to write about now Practically every country in the world is taking at least halting steps towards trying to do something about it. As for the rest, we set them adrift.
Regarding your closing quote about equal voting power with the rich, I would inreasingly question this. The issue is joblessness. For centuries, since the country began, it had been a developing society, and not always in very pretty ways. This Citigroup message of catering to the needs of the Plutonomy, once it got out, hasn’t been lost on the Wall Street Journal crowd, although our National News Media, hasn’t really reported on it much, have they?
Remember these Reports were NOT meant for consumption by us “common folk”. They have succeeded in getting the second plutonomy report removed from Scrib. And it was egalitarian.
We project that the plutonomies the U. For example, a policy error leading to asset deflation, would likely damage plutonomy. Behold the Dark Side! The financialization of the economy really took off at that time. On the Working Class.
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. Well, it could be the above quote from memo 1 a point made several times throughout the documentexplicitly linking the trend of growing income inequality to the stuff neoliberal politicians are always trying to push on governments.
And the reason is simple: A TomDispatch regularhe is the author of numerous best-selling political works, most recently, Hopes and ProspectsMaking the Futureand Occupypublished by Zuccotti Park Pressfrom which this speech, given last October, is excerpted and adapted.
Over one million full-text copies of RWER papers are downloaded per year. And there are other things going on like that. The parties dissolved in many ways. The developments that took place during the s set off a vicious cycle.
It shows that the rich in the US continue to be in great shape. Notify me of new posts via email.
Citigroup’s Shocking ‘Plutonomy’ Reports — h/t Michael Moore
These are class reasons, and reflect the lack of popular political mobilization. That is not true. Download a copy of these memos. Email required Address never made public.
Plutonomy and the Precariat
Click here to write or comment on Daily Kos. If it does, the historic reversal that began in the s could become irreversible.
We will posit pljtonomy Continental Europe ex-Italy and Japan are in the egalitarian bloc. Citigroup reports available for download here: It shows that they consider the end of crony citibanm corporations subsidized by government to be the equivalent of theft: Or it could be quotes like these, explaining fears of the plutocrats regarding tax policy:. They had the capacity to do it, the skilled work force.
They did what banks were supposed to do in a state capitalist economy: Within a couple of years, they started having to put money into the party coffers in order to get ahead, a topic studied mainly by Tom Ferguson. Take a citibajk at the citiank topic in Washington that everyone concentrates on: This imbalance in inequality expresses itself in the standard scary ” global imbalances “. Download the Citigroup plutonomy memos here: However, they warn that in the short-term there is potential for a backlash.
They posit a few reasons for this change: We thought this was good time to bang the drum on plutonomy. According to Kapur and team, “the balance sheets of the plutonomists have been an important transmission channel of monetary policy.
I would greatly appreciate it as none of the links are currently functioning. I managed to get 2 from the Greencard site…. Well anyway, nice to know that great minds think alike, as it were. The World is dividing into two blocs — the Plutonomy and the rest.
At some point it is likely that labor will fight back against the rising profit share of the rich and there will be a political backlash against the rising wealth of the rich. Comments are closed on this story. More info about that campaign here.
Like say, Bachmann, Palin, etal? This thesis is cltibank without its risks.