“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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Comments 26 Msmo a comment. A TomDispatch regularhe is the author of numerous best-selling political works, most recently, Hopes and ProspectsMaking the Futureand Occupypublished by Zuccotti Park Pressfrom which this speech, given last October, is excerpted and adapted.
This page was last edited on 29 Novemberat Wait, now that I look around, I see that Yves Smith at Naked Capitalism posted about this on October 15,almost three years ago, and called for people to protest the annual meetings of the American Bankers Association.
But unless the spirit of the last year, here and elsewhere in the country and around the globe, continues to grow and cjtibank a major force in the social and political world, the chances for a decent future are not very high.
Edward Fullbrook and Jamie Morgan. From CPS News more: Becoming a “Pluto-participant” is the “embodiement of the ‘American Dream'” -and this dream should not die, otherwise the Plutocrats could be in real trouble. Independent media will be delisted from search engines and their domains could be blocked.
Often these wealth waves involve great complexity, exploited best by the rich and educated of the time. Richard William Posner permalink. The citizens in the “Plutonomies” are expected to swallow this bitter pill.
This 35 page report begins: Low-end developed market labor might not have much economic power, but it does have equal voting power with the rich. They claimed that their plutonomy index was way outperforming the stock market.
The name is familiar. My e-mail is leninha. We will posit that: I once tried to look these up, was unsuccessful.
Citigroup attempts to disappear its Plutonomy Report #2 | Real-World Economics Review Blog
Steel decided to close one of its major facilities in Youngstown, Ohio. Smith bruceedmonds Kevin P. Or it could be quotes like these, explaining fears of the plutocrats regarding tax policy:. Init was times. Could the plutonomies die because the dream is dead, because enough of society does not believe they can participate?
Citigroup’s plutonomy memos | mathbabe
Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a Pluto-participant. Conspiracy – a secret plan by a group to do something unlawful or harmful. Submission Statements are required for link and image posts. Screw democracy, long live the plutocrats. All posts will be by default flaired as [No Meta] and subject to these rules.
To use Rawls-ian analysis, the invisible hand stops working. Ralph — you need to do a bit more of that checking. I have these documents on a Public Dropbox folder, to share with anyone who wants them. As far as the deficit is concerned, the public has opinions. When I try to oped the PDF at the above link http: You can find the first report here: Their strategy seems to be rather short-sighted. The issue is joblessness.
Plutonomy and the Precariat
Why kill it off, if you can join it? Citibqnk 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.
Download a copy of these memos.
ciitbank The workforce and the union offered to buy it, take it over, and run it themselves. My email is civileconomies gmail. Nothing that surprising, economically speaking, except for maybe the fact that their reaction, far from being outrage, is something bordering on gleeful. The Citigroup Plutonomy Memos: Do you have information you want to share with HuffPost?
There are a lot of reasons for it. This is a cause championed, generally, by left-wing politicians. This cycle resulted in a tremendous concentration of wealth, mainly in the top tenth of one percent of the population. Examples of their activities can be found all over the internet.
Well anyway, nice to know that great minds think alike, as it were. You are commenting using your WordPress. Secondly, if the rich are to keep getting richer, as we think they will do, then this has ongoing positive implications for the businesses selling to the rich. That means independent blogs, media outlets, etc. The key challenge for corporates in this space is to maintain the mystique of prestige while trying to grow revenue and hit the mass-affluent market.
More info about that campaign here.