The World is dividing into two blocs – the Plutonomy and the rest. Citigroup Research is a division of Citigroup Global Markets Inc. (the “Firm”). 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 October 16, , Citigroup came out with a brochure for investors called “ Plutonomy: Buying Luxury, Explaining Global Imbalances” urging.
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The financialization of the economy really took off at that time. The United States is also taking steps, mainly to accelerate the threat. Usually one should think that once such important documents are in the “public domain”, nothing should stop them any more from being distributed and being openly discussed.
Yes, what could possibly “go wrong? Notify me of new comments via email.
Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest”
Why kill it off, if you can join it? The political system began to dissolve. Often these wealth waves involve great complexity.
Buying Luxury, Explaining Global Imbalances”the analysts introduce the subject:. This could be a period of irreversible decline. Citigtoup present themselves as looney, as well. BCG expects the trend toward more concentrated wealth to continue unabated. Take a look at the polls.
The workforce and the union offered to buy it, take it over, and run it themselves.
Plutonomy – Wikipedia
My e-mail is leninha. The parties dissolved in many ways. Here, we believe lies a cornerstone of the current wave of plutonomy, and with it, the potential for capitalists around the world to profit.
I have saved copies to my hard drive and will reblog this post on my blog as well. We can see plutonony number of potential challenges to plutonomy. 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.
Wait, now that I look around, I see that Yves Smith at Naked Capitalism posted lputonomy this on October 15,almost three years ago, and called for people to protest the annual meetings of the American Bankers Association.
While the financial wealth of the sub-millionaires is expected to increase by 3. It took two hours. Email required Address never made public.
Download the Citigroup plutonomy memos here: The Occupy movement has been an extremely exciting development. Do you have information you want to share with HuffPost?
Plutonomy and the Precariat
Disruptive technology-driven productivity gains, creative financial innovation, capitalist- friendly cooperative governments, an international dimension of immigrants and overseas conquests invigorating wealth creation, the rule of law, and patenting inventions. While this tends to be something more often seen in countries with a shorter history of capitalist democracy, such as the Ukraine attempts to undo prior privatizationsor Russia where some of our clients believe events surrounding Mikhail Khodorovsky to be a form of nationalizationit can happen in the strangest of places.
Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a Pluto-participant. To this end, the cleaning up of business practice, by high-profile champions of fair play, might actually prolong plutonomy.
Citigroup’s plutonomy memos | mathbabe
Mdmos a “Pluto-participant” is the “embodiement of the ‘American Dream'” -and this dream should not die, otherwise the Plutocrats could be in plutonpmy trouble. 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.
In this book, he shows a strong long-term trend toward more concentrated income and wealth. Could the plutonomies die because the dream is dead, because enough of society does not believe they can participate?
These guidelines exist to further that reputation.
Lest we wonder who inititated class warfare.