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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We project that the plutonomies the U. Email Twitter Facebook Print. Could anyone who downloaded this please cjtibank it to me. Independent media will be delisted from search engines and their domains could be blocked.

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. If there is one group of people who need to know the truth about what is really going on within the society and the economy, minus the propaganda, then it’s businesspeople who have a lot of money to invest, and who want to invest wisely.

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.

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Plutonomy and the Precariat | HuffPost

Speaking of inequality, you did highlighting that Gangnam clip from Korean in a much earlier post, which was great fun by the way! This site uses cookies. 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.


Why kill it off, if you can join it? The workforce and the union offered to buy it, take it over, and run it themselves.

BCG expects the trend toward more concentrated wealth to continue unabated. Thank God that we have such splendid police forces whose members seem to be very happy to quash any unrest with batons, tear gas, pepper spray and a high degree of rough behaviour in order to keep the plutonomists happy!

Citigroup’s plutonomy memos | mathbabe

Email required Address never made public. There were other factors. What might cause the elastic to snap back?

This site uses cookies. They did what banks were supposed to do in a state capitalist economy: They have to be around to provide citibahk powerful state, which will protect us and bail us out when we get into trouble, but other than that they essentially have no function.

Plutonomy and the Precariat

They further see the luxury industry catering to plutonomists threatened by anti-corruption initiatives of China and India. According to BCG, about 15, households globally belong in this group of the super-rich. This equal voting power seems to be a pretty serious concern for their plans. Fill in your ctibank below or click an icon to log in: We thought this was good time to bang the drum on plutonomy.

Leave a Reply Cancel reply Enter your comment here The multinational decided to close it down instead, probably for reasons of class-consciousness. Conservative institutions don’t adapt quickly to use new and unestablished methods enabled by technology!

I managed to get 2 from the Greencard site…. 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.

Low-end developed market labor might not have much economic power, but it does have equal voting power with the rich. They have succeeded in getting the second plutonomy report removed from Scrib. There are going to be barriers, difficulties, hardships, failures.


Email required Address never made public. Cramulus on May 11, However, Citigroup seems to have been successful in preventing a wider discussion about the memos, due to their legal actions.

It was a partial victory because, even though they lost, it set off other efforts.

They go on to say: The outcome of the deficit commission is probably going to be the opposite. For decades, Citigroup has been one of the most corrupt of the major investment banking corporations, repeatedly bailed out by the taxpayer, starting in the early Reagan years plutonomg now once again.

Send them to all your local media outlets. I downloaded it as a PDF. But if voters feel they cannot participate, they are more likely to divide up the wealth pie, rather than aspire to being truly rich. Or it could be quotes like these, explaining fears of the plutocrats regarding tax policy:. Take a look at the big topic in Washington that everyone concentrates on: Smith bruceedmonds Kevin P.

This page was last edited on 29 Novemberat Buying Luxury, Explaining Global Imbalances”the analysts introduce the subject:. 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.

Learn how your comment data is processed. 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.

The plutonomyy at large might still endorse the concept of plutonomy but feel they have lost out to unfair rules.