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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And the s accelerated it. Invest in the uber-rich,” The Globe and Mail, October 2, http: Things like this continue. Cities by number of billionaires Countries by number of billionaires Most expensive things Wealthiest animals. According to Kapur and team, “the balance sheets of the plutonomists have been an important transmission channel of monetary policy. Now, the plutonomy is where the action is and it could continue like this. You have to form the structures that will be sustained, that will go on through hard times and can win major victories.
I have saved copies to my hard drive and will reblog this post on my blog as well. Comments on issue 74 – repaired post and read comments on issue Old Paradigm methodology rethinking economics Old Paradigm Economics Real World Economics Movement 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.
It shows that they consider the end of crony capitalism corporations subsidized by government to be the equivalent of theft: Show them to your conservative friends, the ones who believe we still live in a society where everyone can be rich if they just work hard enough.
The best way for companies and businesspeople to survive in Plutonomies, Kapur implies, is to disregard the “mass” consumer and focus on the increasingly rich market of the rich. The full report is available here http: Just to make it more surreal, while this option was being avoided, the Obama administration was sending its transportation secretary to Spain to get contracts for developing high-speed rail for the United States, which could have been done right in the rust belt, which is being closed down.
Email required Address never made public. While the financial wealth of the sub-millionaires is expected to increase by 3. However, they warn that in the short-term there is potential for a backlash.
Plutonomy and the Precariat
If it does, the historic reversal that began in the s could become irreversible. Citigroup reports available for download here: Well I tried to locate the confidential Citigroup reports cited in the film, and think that these next two links are them. But with enough popular support, they could have won. But if voters feel they cannot participate, they are more likely to divide up the wealth pie, rather than aspire to being truly rich.
Make your voice heard! These economies have seen the rich take an increasing share of income and wealth over the last 20 years, to the extent that the rich now dominate income, wealth and spending in these countries. In one of the suburbs of Boston, about a year ago, something similar happened. It shows that they consider the end of crony capitalism corporations subsidized by government to be the equivalent of theft:. Views Read Edit View history.
Along with that came a significant shift of the economy from productive enterprise — producing things people need or could use — to financial manipulation. 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?
There citibnak be a connection with Robert Gordon.
Plutonomy and the Precariat | HuffPost
Well, it could be the above quote from memo 1 a point made several cjtibank throughout the documentexplicitly linking the trend of growing pplutonomy inequality to the stuff neoliberal politicians are always trying to push on governments. His web site is www. The United States is also taking steps, mainly to accelerate the threat. Disruptive technology-driven productivity gains, creative financial innovation, capitalist-friendly cooperative governmentsan international dimension of immigrants and overseas conquests invigorating wealth creation, the rule of law, and patenting inventions.
The link you provided no longer works. Why kill it off, if you can join it? To find out more, including how to control cookies, see here: Download a copy of these memos. By continuing to use this website, you agree to their use. In their study “Piketty and Plutonomy: 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 plutonomy countries. Plutonomy, perhaps like me, you’ve not heard much about this term, except in the occasional poorly defined rant.
Something has to be done about it very soon in a dedicated, sustained way. I just learned of these reports from another WordPress blogger.
Citigroup attempts to disappear its Plutonomy Report #2 | Real-World Economics Review Blog
I should say that, in the s and s, there was also the development of what several decades later became the high-tech economy: That is not true. Do you have information you want to share with HuffPost? The thing they most fear is the principle of “one person — one vote”.
Those reports, since citbank, plainly discuss the power of the Plutonomy in America, and how it would only strengthen, as long as the “the rest us” the non-plutonics could be kept in the dark about the Plutonomy existence, its role, and its over-arching control in the American Economy.
I would greatly appreciate it as none of the links are currently functioning. Easier download of both documents: Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a Plutoparticipant.
Back to Story Show Parent Thread. And this is connected to a huge propaganda system, proudly and openly declared by the business world, to try to convince people that climate change is just a liberal hoax.