Plutonomy is a term that Citigroup analysts have used for economies “where economic growth In three reports for super-rich Citigroup clients published in and , a team of Citigroup analysts elaborated on their thesis that the share. a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report . Reports Letter to Shareholders. Reports. Annual Report (full web version) · Annual Report (pdf) · Proxy Statement. Letter to Shareholders.
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You can see it right now, in fact.
The issue is joblessness. The pplutonomy report is available here http: It was a partial victory because, even though they lost, it set off other efforts. There are, for the first time in human history, real threats to the decent survival of the species. Remember these Reports were NOT meant for consumption by us “common folk”.
Plutonomy and the Precariat
plutonoomy Or it could be quotes like these, explaining fears of the plutocrats regarding tax policy:. 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.
For the public, correctly, the deficit is not regarded as much of an issue. Yet he maintains that the “the rich are likely to keep getting even richer, and enjoy an even greater share of the wealth pie over the coming years.
As far as the deficit is concerned, the public has opinions. Notify me of new posts via email. The financialization of the economy really took off at that time.
Smith bruceedmonds Kevin P. These are class reasons, and reflect the lack of popular political mobilization. Wealth concentration Economic inequality.
In this book, he shows a strong long-term trend toward more concentrated income and wealth. The workforce and the union offered to buy it, take it over, and run it themselves. Notify me of new comments via email. There might be a connection with Robert Gordon.
You are commenting using your WordPress. My e-mail is leninha. For centuries, since the country began, it had been a developing society, and not always in very plutonmy ways.
His web site is www. The developments that took place during the s set off a vicious cycle. Often these wealth waves involve great complexity, exploited best by the rich and educated of the time.
Maybe they couldn’t “lose count” of how many homes they owned. That just drove the whole system even deeper into the pockets of the corporate sector increasingly the financial sector. Comments on issue 74 – repaired post and read comments on issue But with enough popular support, they could have won. Old Plhtonomy 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 Citbank and the Planet economics of climate change oil energy the planet and the economy WEA Books.
Behold the Dark Side! Email subscription to this blog Join 16, other followers. Companies by profit and loss Largest companies by revenue Largest financial services companies by revenue Largest manufacturing companies by revenue Public corporations by market capitalization Wealthiest organizations. Notify me of new comments via email.
Citigroup’s Shocking ‘Plutonomy’ Reports — h/t Michael Moore
Take a look at the polls. In a report called ” The Plutonomy Symposium Rising Tides Lifting Yachts ,” Ajay Kapur, Citigroup’s global strategist, says the balance sheets of the rich are “in great shape, and will get much better,” which is why he recommends going out and buying stocks of companies that cater to that very select market.
Richard William Posner permalink. This 35 page report begins: For decades, Citigroup has been one of the most corrupt of the major investment banking corporations, repeatedly bailed out by the taxpayer, starting in the early Reagan years and now once again. 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.
For example, inUK government withdrawal of financial support bankrupted Railtrack, the UK rail operator, effectively re-nationalizing railway assets on the cheap. It led to major changes in the economy — a reversal of several hundred years of progress towards industrialization and development that turned into a process of de-industrialization and de-development.
The political system began to dissolve.
Plutonomics – The Wealth Report – WSJ
In plutonomies the rich absorb a disproportionate chunk of the economy and have a massive impact on reported aggregate numbers like savings rates, current account deficits, consumption levels, etc.
You are commenting using your Facebook account. One was what was done: According to Kapur and team, “the balance sheets of the plutonomists have been an important transmission channel of monetary policy. Email required Address never made public. When the s came along, there were sudden and sharp changes: Here’s the key part, mentioned in the Moore film, where CitiGroup frets about us pesky “laborers” could some day push-backthat we might demand fair treatment and pay for all our productivity: It shows that the rich in the US continue to be in great shape.
But if voters feel they cannot participate, they are more likely to divide up the wealth pie, rather than aspire to being truly rich. Look up plutonomy in Wiktionary, the free dictionary.
Seeing as how Megaupload is offline, here are the Reports via two other links: They had the capacity to do it, the skilled work force. The United States is also taking steps, mainly to accelerate the threat.