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. The full report is available here MarPlutonomy-Report-Leaked-Citigroup-Memo-Part1. In , Citigroup came out with a brochure for investors called “Plutonomy: Buying Luxury, Explaining Global Imbalances.” It urged investors.
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The Uber-rich, the plutonomists, are likely to see net worth-income ratios surge, driving luxury consumption. Leave a Reply Cancel reply Enter your comment here What might cause the plutoonmy to snap back? As far as the deficit is concerned, the public has opinions. Plutocrats repent, your end is near. The rich have come back richer than ever. Email Twitter Facebook Print.
Citigroup’s plutonomy memos | mathbabe
More info about that campaign here. Often these wealth waves involve great complexity, exploited best by the rich and educated of the time. 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.
They are richer than ever, more powerful than ever, controlling the political system, disregarding the public. Low-end developed market labor might not have much economic power, but it does have equal voting power with the rich.
One was what was done: Those being undercut are losers in the short term.
And there were a number of things that could have been done. Speaking of inequality, you did highlighting that Gangnam clip from Korean in a much earlier post, which was great fun citiban, the way! The full report is available here http: I mentioned before that, in the s, one of the most effective actions was the sit-down strike.
Plutonomics – The Wealth Report – WSJ
There has always been a gap between public policy and public will, but it just grew astronomically. Email required Address never made public. Can you believe they like to be inside of a golden egg?
Within a couple of years, they started having to put money into the party coffers in order to get ahead, a topic studied mainly by Tom Ferguson. Theory – a supposition or a system of ideas intended to explain something.
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Plutonomy and the Precariat
Submit a new text post. But as yet, there seems little political fight being born out on this battleground.
At the beginning of the first memo “Plutonomy: Until then, there had been no financial crises since the Great Depression. Back when I worked at ThinkProgress, I repeatedly broke stories using leaked memos and other internal documents from powerful corporations. In one of the suburbs of Boston, about a year ago, something similar happened. Or it could be quotes like these, explaining fears of the plutocrats regarding tax policy: Secondly, if the rich are to keep getting richer, as we think they will do, then this has ongoing plutonlmy implications for the businesses selling to the rich.
And of course, to buy luxury-goods stocks. That was true even in very dark times. Corporate tax 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. Behold the Dark Side! 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 citibanm the EU, and calls from the left to rebuild trade barriers and protect workers plutonoomy far left of Mr.
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