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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One was what was done: The answer is of course yes. Plutoomy email is civileconomies gmail. Accusing another user of being a troll or shill can be viewed as an attack, depending on context.
Plutonomy – Wikipedia
They present themselves as looney, as well. And it was egalitarian. BCG expects the trend toward more concentrated wealth to continue unabated. Plutocracies always destroy themselves, and many innocents along with them. Old Paradigm methodology rethinking economics Old Paradigm Economics Real World Economics Movement revere award Revolving-Door Economists students teaching World Economics Association The Economy Arab World Bubbles budget deficits upward income redistribution crisis debt microcredit debt crisis depression economic development Economy education Eurozone Eurozone Crisis exploitation financial crisis financial markets food globalization Graphics Decline of the USA Quality of life indicators Greece Growth health housing bubble income inequality income redistribution inequality jobs Keynes Piketty’s Capital Plutonomy Political Economy Politics and the economy poverty Recession Social Security taxes Uncategorized unemployment upward income and wealth redistribution upward income redistribution The Economy and the Planet economics of climate change oil energy the planet and the economy WEA Books.
There might be a connection with Robert Gordon.
Concentration of wealth yields concentration of political power. In fact, some of them are plutonmy. Buying Luxury, Explaining Global Imbalances”the analysts introduce the subject:.
Link posts without a Statement will be removed after 20 minutes. Why kill it off, if you can join it?
Buying Luxury, Explaining Global Imbalances https: Become a Redditor and subscribe to one of thousands of communities. And this is considered a good thing. A third threat comes from the potential social backlash.
Please contact the modteam for further clarification. Practically every country in citivank world is taking at least halting steps towards trying cutibank do something about it. 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.
Init was times. For the public, correctly, the deficit is not regarded as much of an issue. The reports are available for the time plutonomh 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.
The public overwhelmingly supports higher taxes on the wealthy, which have declined sharply in this period of stagnation and decline, and the preservation of limited social benefits. It shows that they consider the plytonomy of crony capitalism corporations subsidized by government to be the equivalent of theft: Often these wealth waves involve great complexity, exploited best by the rich and educated of the time. According to Kapur and team, “the balance sheets of the plutonomists have been an important mmeo channel of monetary policy.
The legislation, essentially bipartisan, drives new fiscal policies and tax changes, as well as the rules of corporate governance and deregulation. Could the plutonomies die because the dream is dead, because enough of society does not ,emo they can participate? After the first few years, by the mids — although the situation was objectively much harsher than it is today — nevertheless, the spirit was quite different. If only it were that. Views Read Edit View history.
What are the common drivers of Plutonomy? They further see the luxury industry catering to plutonomists threatened by anti-corruption initiatives of China and India. So the analysts started to think about “losers”as they call them, or the people who could need a bath, as Newt Gingrich would call it.
Plutonomics – The Wealth Report – WSJ
Firstly, if we are right, that plutonomy is to blame for many of the apparent conundrums that exist around the world, such as negative savings, current account deficits, no consumer recession despite high oil prices or weak consumer sentiment, then so long as the rich continue to get richer, the likelihood of these conundrums resolving themselves through traditionally disruptive means currency collapses, consumer recessions etc looks low.
Before the s, banks were banks. Well anyway, nice to know that great minds think alike, as it were. They have to be around to provide a powerful state, which will protect us and bail us out when we get into trouble, msmo other than plutlnomy they essentially have no function.