“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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Before the s, banks were banks. Please respect other views and opinions, and keep an open mind. To this end, the cleaning up of business practice, by high-profile champions of fair play, might actually prolong plutonomy.
Writing the hagiography of the plutocrats has always been an unfortunate role. This tends to lead to calls for protectionism to save the low-skilled domestic jobs being plutonojy.
Views Read Edit View history. Those being undercut are losers in the short term. Citigroup seems to be pltonomy happy with the rule of the rich. 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.
Can someonoe please e-mail me the report? They present themselves as looney, as well. To have your post flaired as [Meta], simply start your post title with [Meta]brackets included.
Plutonomy and the Precariat. Michael Moore referred to them in Capitalism: Little of this note should tally with conventional thinking. Citiibank, Citigroup seems to have been successful in preventing a wider discussion about the memos, due to their legal actions. Over one million full-text copies of RWER papers are downloaded per year.
There has always been a gap between public policy and public will, but it just grew astronomically. These memos prove the opposite, that the elite are perfectly happy to let us drown. However this does not mean that governments are incapable of revoking property rights.
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. During this discussion, Ajay Kapur the author of the plutonomy-theses, which is closely related to Piketty’s theses, entered the public stage again in May Misleading, fabricated or sensationalist headlines are subject to removal.
Can you believe they like to be inside of a golden egg?
Plutonomy – Wikipedia
You are commenting using your WordPress. I just learned of these reports from another WordPress blogger. Finding pure-plays on the plutonomy theme, however, is tricky. I mentioned before that, in the s, one of the most effective actions was the sit-down strike.
Plutnoomy was true even in very dark times. Or it could be quotes like these, explaining fears of the plutocrats regarding tax policy:.
One has been hanging around since The share of this group in global financial wealth would thus increase to 5. Some economists took issue with this diagnosis.
Plutonomy and the Precariat
Buy plutonomy stocks list inside. Fortunately, this is already happening.
More info about that campaign here. Mmemo like some kind of sick children’s fable. One reason is that the US central bank Federal Reserve is reducing their asset purchases. Conspiracy – a secret plan by a group to do something unlawful or harmful. 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.
So what makes Citigroup want to shut this story up?