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.
|Published (Last):||18 November 2005|
|PDF File Size:||4.91 Mb|
|ePub File Size:||16.12 Mb|
|Price:||Free* [*Free Regsitration Required]|
They had the capacity to do it, the skilled work force.
realitybase – Journal – The Citigroup Plutonomy Memos
For the public, correctly, the deficit is not regarded as pplutonomy of an issue. Citjgroup far as the deficit is concerned, the public has opinions. Easier download of both documents: 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 wealth for the owners, managers, and servants of capital. In other words, we are fretting unnecessarily about global imbalances. Notify me of new posts via email.
We project that the plutonomies the U. Finally, from the third memo: This 35 page report begins:. Indeed, in the U.
Download a copy of these memos. In a sense, this backlash has been epitomized by the media coverage and actual prosecution of high-profile ex-CEOs who presided over financial misappropriation. Now, the plutonomy is where plufonomy action is and it could continue like this.
Citigroup’s plutonomy memos | mathbabe
In the s, unemployed working people could anticipate that their jobs would come back. This 35 page report begins: These memos prove the opposite, that the elite are perfectly happy to let us drown. You are commenting using your WordPress. But they seem to have been largely ignored by scholars. Vitigroup on Wednesday, March 14, at And this is considered a good thing.
And the s accelerated it.
Plutonomy and the Precariat
The answer is of course yes. Almost all the smart folks we know — our investors, our colleagues, our friends in academia, politicians believe in some variant of these two stories. And he was highly praised for this, greatly admired. The share of this group in global financial wealth would thus increase to 5. They have succeeded in getting the second plutonomy report removed from Scrib.
Wealth concentration Economic inequality. Buying Luxury, Explaining Global Imbalances. It led to major pkutonomy in the economy — a reversal of several hundred years of progress towards industrialization and development that turned into a process of de-industrialization and de-development. Doubtful about the value of the vote though, when it can be so easily manipulated by media, as in the Clinton-Trump election.
Concentration plutonom wealth yields concentration of political power. Top Blog at WordPress. 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.
Take a look at the polls. Email required Address never made public. I have these documents on a Public Dropbox folder, to share with anyone who wants them. That view is vigorously denied in public by banks, other business organizations, their trade groups, editorial boards, economists, policy elites, and other guardians of cjtigroup wisdom.
And it has an objective basis.
Michael Moore referred to them in Capitalism: It seems inevitable therefore, that plutonomists and their agents have gone to great lengths to suppress these documents. One was what was done: That was true even in very dark times. You are commenting using your WordPress. But as yet, there seems little political fight being born out on this battleground.
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. Plutocracies always destroy themselves, and many innocents along with them. On Politics and Money.
The citjgroup overwhelmingly supports higher taxes on the wealthy, which have declined sharply in this period of stagnation and decline, and the preservation of limited social benefits.