The World is dividing into two blocs – the Plutonomy and the rest. Citigroup Research is a division of Citigroup Global Markets Inc. (the “Firm”). 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 October 16, , Citigroup came out with a brochure for investors called “ Plutonomy: Buying Luxury, Explaining Global Imbalances” urging.
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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. They further see the luxury industry catering to plutonomists threatened by anti-corruption initiatives of China and India.
We are not taking anything down, we take up the fight against the people who believe that they have the right to be the unelected leaders of the world.
That was true even in very dark times. But unless the spirit of the last year, here and elsewhere in the country and around the globe, continues to grow and becomes a major force in the social and political world, the chances for a decent future are not very high. Our overall conclusion is that a backlash against plutonomy is probable at some point.
So the analysts started to think about “losers”as they call them, or the people who could need a bath, as Newt Gingrich would call it. But if voters feel they cannot participate, they citigrup more likely to divide up the wealth pie, rather than aspire to being truly rich.
They should be required reading. 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.
Plutonomy and the Precariat | HuffPost
We project that the plutonomies the U. Easier download of both documents: You are commenting using your Facebook account. On Politics plutonommy Money.
Perhaps one reason that societies allow plutonomy, is because enough of the electorate believe they have a chance of becoming a Pluto-participant.
Plutonomy and the Precariat
On the Working Class. And there are other things going on like that. Alongside this began a sharp rise in the costs of elections, which drove the political parties even deeper into the pockets of the corporate sector.
To use Rawls-ian analysis, the invisible hand stops working. This is a cause championed, generally, by left-wing politicians. This is what Dodd-Frank has done, to some extent: Despite not having received widespread mainstream coverage, the Citigroup memos have been discussed in a handful TV-clips or documentaries. The second memo, titled “Revisiting Plutonomy: You are commenting using your WordPress. And of course, to buy luxury-goods stocks. Buying Luxury, Explaining Global Imbalances.
You are commenting using your Twitter account. Post was not sent emmos check your email addresses! But if voters feel they cannot participate, they are more likely to divide up the wealth pie, rather than aspire to being truly rich. By continuing to use this website, you agree to their use.
Thanks for posting — you might like this one too: Corporate tax rates could rise, choking off returns to the private sector, and personal taxation rates could rise — dividend, capital-gains, and inheritance tax rises would hurt the plutonomy.
There are, for the first time in human history, real threats to the decent survival of the species. Citigroup seems to be perfectly happy with the rule of citibroup rich.
Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest”
Look up plutonomy in Wiktionary, the free dictionary. Both reports were leaked and made available on the WEB. Equity multiples appear too low, the profit share of GDP is high and likely going higher, stocks look likely to beat housing, and we are bullish on equities. The parties dissolved in many ways. One of the underlying factors, discussed mainly by economic historian Robert Brenner, was the falling rate of profit in manufacturing. The fact that the Occupy movement is unprecedented is quite appropriate.
Concentration of wealth yields concentration of political power. The citizens in the “Plutonomies” are expected to swallow this bitter pill. Continental Europe ex-Italy and Japan are in the egalitarian bloc. That means independent blogs, media outlets, etc. However, Citigroup seems to have been successful in preventing a wider discussion about the memos, due to their legal actions.
Buy plutonomy stocks list inside.
But does placing so much money in so few hands also pose risks? In determining whether the use made of a work in any particular case is a fair use the factors to be considered shall include: So there was a period of stagnation and decline for the majority alongside a period of sharp concentration of wealth.
It was a partial victory because, even though they lost, it set off other efforts.
