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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. In , Citigroup came out with a brochure for investors called “Plutonomy: Buying Luxury, Explaining Global Imbalances.” It urged investors.

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Plutocracies always destroy themselves, and many innocents along with them. There are signs around the world that society is unhappy with plutonomy — judging by how tight electoral races are. The activism of those years, after a pretty dismal decade, really civilized the country in lots of ways that are permanent. Look up plutonomy in Wiktionary, the free dictionary.

Plutonomy and the Precariat | HuffPost

We project that the plutonomies the U. We think that despite the post-bubble angst against celebrity CEOs, the trend of cost-cutting balance sheet-improving CEOs might just give way to risk-seeking CEOs, re-leveraging, going for growth and expecting disproportionate compensation for it.

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Plutonomy and the Precariat

Regarding your closing quote about equal voting power with the rich, I would inreasingly question this. This tends to lead to calls for protectionism to save the low-skilled domestic jobs being lost. The financialization of the economy really took off meno that time.

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Want to add to the discussion? The Rich Getting Richer” deals mainly with the consequences for investments which follow mmo analysis in the first memo. The political system began to dissolve. Clearly, this is a brazen citibsnk of copyright law to suppress legitimate journalism. The Managerial Aristocracy, like in the Gilded Age, the Roaring Twenties, and the thriving nineties, needs to commandeer a vast chunk of that rising profit share, either through capital income, or simply paying itself a lot.

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Buying Luxury, Explaining Global Imbalances https: The World is dividing into two blocs — the Plutonomy and the rest. I checked all the stocks listed in the documents. After some efforts were made within the OWS-community, it is now possible without difficulty to find download links to the memos via google search for example for “download plutonomy memo”.

We project that the plutonomies the U. They had the capacity to do it, the skilled work force.

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. It was getting to the point of sit-down strikes, which are frightening to the business world — you could see it in the business press at the time — because a sit-down strike is just a step before taking over the factory and running it yourself.

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Welcome to Reddit, the front plutonomu of the internet. Conspiracy – a secret pputonomy by a group to do something unlawful or harmful. Notify me of new comments via email.

And it was egalitarian. Within a couple of years, they started having to put money into the party coffers in order to get ahead, a topic studied mainly by Tom Ferguson. 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.

Interestingly, they also say this: Please contact the modteam for further clarification. Posting links in other subs pointing to specific submissions or comments here is subject to a ban, depending on context.

And concentration of political power gives rise to legislation that increases and accelerates the cycle. Plutonomies have occurred before in sixteenth century Spain, in seventeenth century Holland, the Gilded Age and the Roaring Twenties in the U.

The developments that took place during the s set off a vicious cycle.