Citigroup wrote memos in and addressed to investors, basically saying that the world is dividing up more and more into a small. The full report is available here MarPlutonomy-Report-Leaked-Citigroup-Memo-Part1. “Are they real?” That’s the question people usually ask when they hear for the first time of the “Citigroup Plutonomy Memos.” The sad truth is.
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I mentioned before that, in the s, one of the most effective actions was the sit-down strike.
Writing the hagiography of the plutocrats has always been an unfortunate role. The legislation, essentially bipartisan, drives new fiscal policies and tax changes, as well as the rules of corporate governance and deregulation.
Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest”
A third threat comes from the potential social backlash. They cuti also perfectly happy to suppress these explosive memos. Thanks for posting — you might like this one too: 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.
Plutonkmy what makes Citigroup want to shut this story up? I just learned of these reports from another WordPress blogger. Could anyone who downloaded this please email it to me.
They go on to say: What are the common drivers of Plutonomy? Something has to be done about it very soon in a dedicated, sustained way. That was true even in very dark times. In one of the suburbs of Boston, about a year ago, something similar happened. The answer is of course yes.
Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest” – Elpidio Valdes
His web site is www. Clearly, this is a brazen abuse of copyright law to suppress legitimate journalism.
Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a Pluto-participant. I should say that, in the s and s, there was also fiti development of what several decades later became the high-tech economy: There are rich consumers, few in number, but disproportionate in the gigantic slice of income and pluronomy they take.
Plutonomy and the Precariat
Cities by number of billionaires Countries by number of billionaires Most expensive things Wealthiest animals. Here, we believe lies a cornerstone of the current wave of plutonomy, and with it, the potential for capitalists around the world to profit.
So long as economies continue to grow, and enough of the electorates feel that they are benefiting and getting rich in absolute terms, even if they are less well off in p,utonomy terms, there is little threat to Plutonomy in the U. Continental Europe ex-Italy and Japan are in mwmo egalitarian bloc.
Take a look at the polls.
As far as the deficit is concerned, the public has opinions. However, that point is not now. But if voters feel they cannot participate, they are more likely to divide up the wealth pie, rather than aspire to being truly rich.
In fact, some of them are major. The public 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. To this end, the cleaning up of business practice, by high-profile champions of fair play, might actually prolong plutonomy. 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.
They should be required reading. In other words, we are fretting unnecessarily about global imbalances. That changed dramatically in the s.
Plutonomy and the Precariat | HuffPost
The other, of course, is environmental catastrophe. Newer Post Older Post Home.
Buy plutonomy stocks list inside. Post was not sent – check your email addresses! Learn how your comment data is processed. During this discussion, Ajay Kapur the author of the plutonomy-theses, which is closely related to Piketty’s theses, entered the public stage again in May To this end, the rise of the far right in a number of European countries, or calls from the right to slow down the accession of Turkey into the EU, and calls from the left to rebuild trade barriers and protect workers the far left of Mr.
Now, the plutonomy is where the action is and it could continue like this. Buying Luxury, Explaining Global Imbalances. In the s, unemployed working people could anticipate that their jobs would come back. By continuing to use this website, you agree to their use.