“Are they real?” That’s the question people usually ask when they hear for the first time of the “Citigroup Plutonomy Memos.” The sad truth is. 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 , Citigroup came out with a brochure for investors called “Plutonomy: Buying Luxury, Explaining Global Imbalances.” It urged investors.
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Views Read Edit View history. And to not worry about the stuff news reports on the economy always talk about, like lack of consumer confidence and high gas prices.
Plutonomy and the Precariat
I should say that, in the s and s, there was also the development of what several decades later became the high-tech economy: Take a look ctiibank the polls. Follow Blog via Email Enter your email address to follow this blog and receive notifications of new posts by email. Please respect other views and opinions, and keep an open plutonoomy. It is easy to drown in a lake with an average depth of 4 feet, if one steps into its deeper extremes.
Plutonomy and the Precariat | HuffPost
Nice point to remember when your bourgeois-liberal friend starts ranting about those horrible irresponsible Americans with their maxed-out credit cards and gas-guzzling SUVs. 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.
To have your post flaired as [Meta], simply start your post title with [Meta]brackets included. The name is familiar. 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. Post was not sent plutonmoy check your email addresses!
Leave a Reply Cancel reply Enter your comment here On the History of the U. This cycle resulted in a tremendous concentration of wealth, mainly in the top tenth of one percent of the population. Tap here to turn on desktop notifications to get the news sent straight to you.
Firstly, if we are right, that plutonomy is to blame for many of the apparent conundrums that exist around the world, meko as negative savings, current account deficits, no consumer recession despite high oil prices or weak consumer sentiment, then so long as the rich continue to get richer, the likelihood of these conundrums resolving themselves through traditionally disruptive means currency collapses, consumer recessions etc looks low.
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Cities by number of billionaires Countries by number of billionaires Most expensive things Wealthiest animals. And this is connected to a huge propaganda system, proudly and openly declared by the business world, to try to convince people that climate change is just a liberal hoax. First violations will usually result in a warning but bans are at the mods’ discretion. There citibanl rich consumers, few in number, but disproportionate in the gigantic slice of income and consumption they take.
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Through the s, as the decline was setting in, there were some important events that took place. Those being undercut are losers in the short term. The multinational decided to close it down instead, probably for reasons of class-consciousness. There were other factors.
Steel decided to close one of its major facilities in Youngstown, Ohio. A few years ago, two copies of these memos were leaked and were published on the internet.
The reports are available for the time being: That just drove the whole system even deeper into the pockets of the corporate sector increasingly the financial sector.
Thank you most sincerely for the links.
And there are other things going on like that.