In , Citigroup came out with a brochure for investors called “Plutonomy: Buying Luxury, Explaining Global Imbalances.” It urged investors. 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.
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Citigroup attempts to disappear its Plutonomy Report #2 | Real-World Economics Review Blog
Leave a Reply Cancel reply Enter your comment here On the Working Class. No accusations of rules violations in comments. The other, of course, is environmental catastrophe. Facebook links will be removed. Ralph — you need to do a bit more of that checking. In and Citigroup issued two now notorious but highly significant reports for the exclusive use of its richest clients. Want to add to the discussion? From Wikipedia, the free encyclopedia.
Low-end developed market labor might not have much economic power, but it does have equal voting cittibank with the rich.
Email required Address never made public. My email is civileconomies gmail. Notify me of new comments via email. I should say that, in the s and s, there was also the development of what several decades later became the high-tech economy: Wealth concentration Economic inequality. Nothing that surprising, economically speaking, except for maybe the fact that their reaction, far from being outrage, is something bordering on gleeful.
The legislation, essentially bipartisan, drives new fiscal policies and tax changes, as well as the rules of corporate governance and deregulation. Often these wealth waves involve great complexity, exploited best by the rich and educated of the time. 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.
I downloaded it as a PDF. I would greatly appreciate it as none of the links are currently functioning.
Buying Luxury, Explaining Global Imbalances https: The GFC resulted in massive transfers of dollars from ordinary taxpayers to the wealthy via the bail-outs when the big financial institutions momentarily embraced socialism. Their strategy seems to be rather short-sighted. Can someonoe please e-mail me the report? Notify me of new posts via email.
SImply download the document, save it or copy it as it is about 62 pags long—-you can also print and scan——. I once tried to look these up, was unsuccessful. Learn how your comment data is processed.
Citigroup’s plutonomy memos | mathbabe
BCG expects the trend toward more concentrated wealth to continue unabated. It shows xitibank the rich in the US continue to be in great shape.
Show them to your conservative friends, the ones who believe we still live in a society where everyone can be rich if they just work hard enough.
Also New Deal legislation was beginning to come in as a result of popular pressure.
Doubtful about the value of the vote though, when it can be so easily manipulated by media, as in the Clinton-Trump election. Welcome to Reddit, the front page of the internet. There are going to be barriers, difficulties, hardships, failures. Could the plutonomies die because the dream is dead, because enough of society does not believe they can participate? The Citigroup Plutonomy Memos: There are signs around the world that society is unhappy with plutonomy — judging by how tight electoral races are.
It shows that they consider the end of crony capitalism corporations subsidized by government to be the equivalent plutoomy theft: Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a Plutoparticipant. They go on to say: One was what was done: According to BCG, about 15, households globally belong in this group of the super-rich.
But as yet, there seems little ciribank fight being born out on this battleground. Please contact the modteam for further clarification. 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.
We project that the plutonomies the U. Not literal numbers, but the right picture. Finally, from the third memo: The Revenge of Inequality” they state that in the long term the drivers of the further concentration of wealth are intact, including globalization and capitalism-friendly governments.