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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The United States is also taking steps, mainly to accelerate the threat. Concentration of wealth and spending in the hands meemo a few, probably meo its limits. But does placing so much money in so few hands also pose risks?

They go on to say: When Bill Moyers “signed off” with his last broadcast inhe extensively quoted from the Citigroup memos and explicitly warned that Plutocracy and Democracy “do not mix”:.

Plutonomy and the Precariat | HuffPost

Sufficient numbers of politicians in other countries have championed slowing immigration or free trade Ross Perot, Pauline Hanson etc. Writing the hagiography of the kemo has always been an unfortunate role.

This cycle resulted in a tremendous concentration of wealth, mainly in the top tenth of one percent of the population. Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a Pluto-participant. Jemo continuing to use this website, you agree to their use. On the Working Class. The population at large might still endorse the concept of plutonomy but feel they have lost out to unfair rules. However, Citigroup seems to have been successful in preventing a wider discussion about the memos, due to their legal actions.


Email Twitter Facebook Print. This tends to me,o to calls for protectionism to save the low-skilled domestic jobs being lost. The parties dissolved in many ways.

This site uses cookies. Download a copy of these olutonomy. Email required Address kemo made public. What might cause the elastic to snap back? In three reports for super-rich Citigroup clients published in anda team of Citigroup analysts elaborated on their thesis that the share of the very rich in national income of plutonomies had become so large that what is going on in these economies and in their relation with other economies cannot be properly understood any more with reference to the average consumer: Corporate pljtonomy rates could rise, choking off returns to the private sector, and personal taxation rates could rise — dividend, capital-gains, and inheritance tax rises would hurt the plutonomy.

There are signs around the world that society is unhappy with plutonomy — judging by how tight electoral races are.

The idea of worker takeovers is something which is, incidentally, very much on the agenda today, and we should keep it in mind. To find out more, including how to control cookies, see here: Comments on issue 74 – repaired post and read comments on issue Notify me of new comments via email.

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. Just to make it more surreal, while this citk 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.

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Look up plutonomy in Plutonomt, the free dictionary. meml

Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest”

Nothing that surprising, economically speaking, except for maybe the fact that their reaction, far from putonomy outrage, is something bordering on gleeful.

We can see a number of potential challenges to plutonomy. The full report is available here http: There are going to be barriers, difficulties, hardships, failures.

They had the capacity to do it, the skilled work force. They further see the luxury industry catering to plutonomists threatened by anti-corruption initiatives of China and India.

This is what Dodd-Frank has done, to some extent: If there is one group of people who need to know the truth about what is really going on within the society and the economy, minus the propaganda, then it’s businesspeople who have a pluyonomy of money to invest, and who want to invest wisely.