Plutonomy is a term that Citigroup analysts have used for economies “where economic growth is powered by and largely consumed by the wealthy few.”. NSA Leaks · Paranormal The Citigroup Plutonomy Memos: Two bombshell documents that Citigroup’s Link to the second memo pdf called. I cannot copy the memo, only read it on the web. Its willingness to write so honestly about our neoliberal capitalism, it is interesting and worthy.
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Plutonomy and the Precariat
I cannot copy the memo, only read it on the web. The mailing list is active, but not overly busy. I just learned of these reports from another WordPress blogger. I have saved copies to my hard drive citjbank will reblog this post on my blog as well. Doktor Howl on June 26, Brotep Back like a bad rash.
Plutonomy and the Precariat | HuffPost
There are signs around the world that society is unhappy with plutonomy – judging by how tight electoral races are. In olutonomy paper, which he wrote for customers of his new employer, Bank of America Merrill Lynchone of the largest wealth management firms, Kapur and his team defended Piketty against critics.
The other, of course, is environmental catastrophe. Buying Luxury, Explaining Global Imbalances. To find out more, including how to control cookies, see here: One reason is that the US central bank Federal Reserve is reducing their asset purchases. It is not necessary to include a download link in this post, as the memos plutonomyy pretty easy to find with a simple google search.
For one thing, its not even clear if the Plutonomy Memos constitute protected copyright material. This is not something restricted to Europe. Comments 26 Leave a comment. Yes, what could possibly “go wrong?
The Rich Getting Richer” deals mainly with the consequences for investments which follow the analysis in the first memo. Why kill it off, if you can join it? For example, inUK government withdrawal of financial support bankrupted Railtrack, the UK rail operator, effectively re-nationalizing railway assets on the cheap.
Also New Deal legislation was beginning to come in as a result of popular pressure. Could the plutonomies die because plutonomh dream is dead, because enough of society does not believe they can participate?
Despite not having received widespread mainstream coverage, the Citigroup memos have been discussed in a handful TV-clips or documentaries. Citigroup seems to be perfectly happy with the citinank of the rich.
Plutonomy – Wikipedia
In and Citigroup issued two now notorious but highly significant reports for the exclusive use of its richest clients. Nice point to remember when your bourgeois-liberal friend starts ranting about those horrible irresponsible Americans with their maxed-out credit cards and gas-guzzling SUVs.
This is a cause championed, generally, by left-wing politicians. However this does not mean that governments are incapable of revoking property pluyonomy. Yes, they are real, and instead of being discussed on mainstream media pluttonomy all over America and beyond, Citigroup was surprisingly successful so far in suppressing these memos, using their lawyers to issue takedown-notices whenever these memos were being made available for download on the internet.
You are commenting using your Facebook account. The lowest quintile did about as well as the highest quintile. Download the Citigroup plutonomy memos here: The first memo is dated October 16, 35 pages and is titled: Eight years after Kapur and his team developed and published their plutonomy thesis, the French economist Thomas Piketty achieved worldwide prominence with his book Capital in the Twenty-First Century.
While there is evidence that this is positive for the average worker for example Ottaviano and Peri it is also clear that high-cost substitutable labor loses. From CPS News more: 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.
I checked all the stocks listed in the documents. But with enough popular support, they could have won. Buying Luxury, Explaining Global Imbalances.
And it was egalitarian. The Occupy movements could provide a mass base for trying to avert what amounts to a dagger pointed at the heart of the country.
The Uber-rich, the plutonomists, are likely to see net worth-income ratios surge, driving luxury consumption.
Please login or register. There are signs around the world that society is unhappy with plutonomy — judging by how tight electoral races are. Fortunately for the investors, the analysts at Citigroup also considered these points and started to think about the plebs who, as history shows, have a tendency to be unruly, if poor.