“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. 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. In , Citigroup came out with a brochure for investors called “Plutonomy: Buying Luxury, Explaining Global Imbalances.” It urged investors.
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Eyes are getting bleary. A multinational decided to close down a profitable, functioning facility carrying out some high-tech manufacturing.
Plutonomy – Wikipedia
It’s like some kind citibanl sick children’s fable. This site uses Akismet to reduce spam. Also New Deal legislation was beginning to come in as a result of popular pressure. The United States is also taking steps, mainly to accelerate the threat.
The first, and probably most potent, is through a labor backlash. Behold the Dark Side! Consensus analyses that do not tease out the profound impact of the plutonomy on spending power, debt loads, savings rates and hence current account deficitsoil price impacts plutonoym, i.
The political system began to dissolve. Continental Europe ex-Italy and Japan are in the egalitarian bloc. They further see the luxury industry catering to plutonomists threatened by anti-corruption initiatives of China and India.
When the s came along, there were sudden and sharp changes: 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. 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. 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.
Please contact the modteam for further clarification. The share of this group in global financial wealth would thus increase to 5. Can someonoe please e-mail me the report? Send a message to conspiracy. One was what was done: These economies have seen the rich take p,utonomy increasing share of income and wealth over the last 20 years, to the extent that the rich now dominate income, wealth and spending in these countries.
Not literal numbers, but the right picture. The Rich Getting Richer” deals mainly with the consequences for investments which follow the analysis in the first memo. Self posts citibqnk lack context or content may be removed. Posts that attack this sub, users or mods thereof, will be removed.
Perhaps that is their vision of a growth sector. This page was last edited on 29 Novemberat It led to the concentration of wealth increasingly in the hands of the financial plutomomy.
Plutonomy and the Precariat
Alongside this began a sharp rise in the costs of elections, which drove the political parties even deeper into the pockets of the corporate sector. All posts will be by default flaired as [No Meta] and subject to these rules. I suppose I’ll read it over morning coffee. The Uber-rich, the plutonomists, are likely to see net worth-income ratios surge, driving luxury consumption.
Top Blog at WordPress. Rules are ,emo in depth at FAQ page. The lowest quintile did about as well as the highest quintile.
Conspiracy Theory – a hypothesis that some covert but influential organization is responsible for a circumstance or event. Writing the hagiography of the plutocrats has always been an unfortunate role. From CPS News more: Citigroup seems to be perfectly happy with the rule of the rich.
I managed to get 2 from the Greencard site….
This cycle resulted in a tremendous concentration of wealth, mainly in the top tenth of one percent of the population. Practically every country in the world is taking at least halting steps towards trying to do something about it. Want to add to the discussion? First violations will usually putonomy in a warning but bans are at the mods’ discretion.
You got to admire the cluelessness of people who deny the down and praise the up as if gravity had nothing to do with it.