Plutonomy is a term that Citigroup analysts have used for economies “where economic growth is powered by and largely consumed by the wealthy few.”. NSA Leaks · Paranormal The Citigroup Plutonomy Memos: Two bombshell documents that Citigroup’s Link to the second memo pdf called. I cannot copy the memo, only read it on the web. Its willingness to write so honestly about our neoliberal capitalism, it is interesting and worthy.
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Email required Address never made public. What are the common drivers of Plutonomy?
Citigroup’s plutonomy memos | mathbabe
Over one million full-text copies of RWER papers are downloaded per year. On the Working Class. Concentration of wealth yields concentration memmo political power.
Stephan on January 24, Views Read Edit View history. We think the balance sheets of the rich are in great shape, and are likely to continue to improve. Not long ago, President Barack Obama took over the auto industry, which was basically xitibank by the public.
Sorry, your blog cannot share posts by email. So I think you’re right – they had their ass handed to them, and they’ll have little hesitation to hire Big Marketing people they trust to perform “internet voodoo” for them next time. It used to be that if a person in Congress hoped for a position such as a committee chair, he or she got it mainly through seniority and service.
In and Citigroup issued two now notorious but highly significant reports for the exclusive use of its richest clients. This is not something restricted to Europe.
They have to be around to provide a powerful state, which will protect us and bail us out when we get into trouble, but other than that they essentially have no function. These guidelines exist to further that reputation.
Doktor Howl on June 26, BCG expects the trend toward more concentrated wealth to continue unabated. Thank you most sincerely for the links. Yes, they are real, and instead of being discussed on mainstream media outlets all over America and beyond, Citigroup was surprisingly successful so far in suppressing these memos, using their lawyers to issue takedown-notices whenever these memos were being made available for download on the internet.
Plutonomy and the Precariat
Email Twitter Facebook Print. One of them is social backlash – the lower and middle class may revolt if they figure out that there really is no way to the top.
Until then, there had been no financial crises since the Great Depression. The fact that a work is unpublished shall not itself bar plutonmy finding of fair use if such finding is made upon consideration of all the above factors.
To find out more, including how to control cookies, see here: Outsourcing, offshoring or insourcing of cheap labor is done to undercut current labor costs. But we suspect this is a threat more clearly felt during recessions, and periods of falling wealth, than when average citizens feel that they are better off. There are going to be barriers, difficulties, hardships, failures. In a sense, this backlash has been epitomized by the media coverage and actual prosecution of high-profile ex-CEOs who presided over financial misappropriation.
Just send e-mail to gil —AT— merced-a. Leave a Reply Citibannk reply Enter your comment here Newer Post Older Post Home.
Email subscription to this blog Join 16, other followers. Meanwhile, it opened a period of stagnation or even decline for the majority of the population. Could anyone plutonnomy downloaded this please email it to me.
Beck has not once argued that capitalism is good because it creates the citibamk amount of wealth for the greatest amount of people, the usual centre-right talking ;lutonomy, but instead has commanded his legion of idiots to support the current status quo because inequality is good so long as brown people, liberal Jews, progressives, Muslims, atheists and other out groups are the losers in any such system. We project that the plutonomies the U.
Plutonomy: A Leaked Citibank Memo
Richard William Posner permalink. I think they’re fast realizing, though, that tho they helped put Obama in power, he ain’t doin’ NOTHIN’ to show for it so far, other than tap dance.
Ralph — you need to do a bit more of that checking.
You can find links to download both Plutonomy reports here. And this is considered a good thing.