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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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.
Their strategy seems to be rather short-sighted. Take, for example, Citigroup. One was what was done: And the Occupy movement is the first real, pllutonomy, popular reaction that could avert this. This further inflates the asset markets in these plutonomies, enabling the rich there to lower their savings rates further, and worsening their current account balances further. And concentration of political power gives rise to legislation that increases and accelerates the cycle.
Of course, Naomi Klein, being memoss journalist rather than an investment banker, spent time with the victims of all ;lutonomy policies and thus was pretty pissed off about them. So what are we talking about?
The other, of course, is environmental catastrophe. You got to admire the cluelessness of people who deny the down and praise the up as if gravity had nothing to do with it. However, that point is not citibroup. What are the common drivers of Plutonomy?
Citigroup’s plutonomy memos | mathbabe
I would greatly appreciate it as none of the links are currently functioning. At the other extreme, insourcing, or allowing mass immigration, which might price domestic workers out of jobs, leads to calls for anti-immigration policies, at worst championed by those on the far right. Post was not sent – check your email addresses! After the first few years, by the mids — although the situation was objectively much harsher than it is today — nevertheless, the spirit was quite different.
Now, the plutonomy is where plutlnomy action is and it could continue like this.
Plutonomy and the Precariat
For the public, correctly, the deficit is not regarded as much of an issue. This needs to stop, as every American and every citizen in the western world needs to know what people like the analysts of Citigroup really think about the inequalities which exist within the societies, how the rich should preserve their domination, and what possible “backlash” can be expected – and what the consequences are of living in a “plutonomy.
The World is dividing into two blocs — the Plutonomy and the rest. Until then, there had been no financial crises since the Great Depression. In determining whether the use made of a work in any particular case is a fair use the factors to be considered shall include: 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.
The Citigroup analysts basically predicted the OWS-movement. A third threat comes from the potential social backlash.
Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest”
Not long ago, President Barack Obama took over the auto industry, which was basically owned by the public. Download a copy of these memos. And the s accelerated it. Follow Blog via Email Enter your email address to follow this blog and receive notifications of new posts by email.
The citizens in the “Plutonomies” are expected to swallow this bitter pill. Ralph — you need to do a bit more of that checking.
It was getting to the point of sit-down strikes, which are frightening to the business world — you could see it in the cihigroup press at the time — because a sit-down strike is just a step before taking over the factory and running it yourself. In plutonomies the rich absorb a disproportionate chunk of the economy and have a massive impact on reported aggregate numbers like savings rates, current account deficits, consumption levels, etc.
That was true even in very dark times. Usually one should think that once such important documents are in the “public domain”, nothing should stop them any more from being distributed and being openly discussed. The name is familiar.
Sorry, your blog cannot share posts by email. There are signs around the world that society is unhappy with plutonomy — judging by how pputonomy electoral races are. Learn how your comment data is processed. You are commenting using your Facebook account. They go on to say: Smith bruceedmonds Kevin P.
Fortunately for the investors, the analysts at Citigroup also considered these points and started to think about the plebs who, as history shows, have a tendency to be unruly, if poor.
That is not true. And there are a lot of things that can be done. As far as the deficit is concerned, the public has opinions. It was a partial victory because, even though they lost, it set off other efforts.