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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The workforce and the union offered to buy it, take it over, and run it themselves. The GFC resulted in massive transfers of dollars from ordinary taxpayers to the wealthy via the bail-outs when the big financial institutions momentarily embraced socialism. There are a lot of reasons for it. I would greatly appreciate it as none of the links are currently functioning.
Take a look at the big topic in Washington that everyone concentrates on: 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.
Ciitgroup — you need to do a bit more of that checking.
Plutonomy and the Precariat
Leave a Reply Cancel reply Enter your comment here They have to be around to provide a powerful state, which will protect us and bail us out when we get into trouble, but other than that citigrokp essentially have no function. Sorry, your blog cannot share posts by email.
memls Indeed, in the U. And to not worry about the stuff news reports on the economy always talk about, like lack of consumer confidence and high gas prices. Lest we wonder who inititated class warfare.
Citigroup’s plutonomy memos | mathbabe
They have succeeded in getting the second plutonomy report removed from Scrib. But as yet, there seems little citigrup fight being born out on this battleground.
Take, for example, Citigroup. The parties dissolved in many ways.
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. Despite not having received widespread cigigroup coverage, the Citigroup memos have been discussed pputonomy a handful TV-clips or documentaries.
Independent media will be delisted from search engines and their domains could be blocked. We see three reasons to take another look at those plutonomy stocks.
A third threat comes from the potential social backlash. By continuing to use this website, you agree to their use. Comments 26 Leave a comment. When the s came along, there were sudden and sharp changes: But it is also to the disadvantage of developed market labor, especially at the lower end of the food-chain. You are commenting using your WordPress. This further inflates the asset markets citigriup these plutonomies, enabling the rich there to lower their savings rates further, and worsening their current account balances further.
For centuries, since the country began, it had been a developing society, and not always in very pretty ways. To use Rawls-ian analysis, the invisible hand stops working. And the s accelerated it. They are also perfectly happy to suppress these explosive memos. 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!
The outcome of the deficit commission is probably going to be the opposite. By continuing to use this citigrroup, you agree to their use. I mentioned before that, in the s, one of the most effective actions was the sit-down strike. Email required Address never made public.
Citigroup attempts to disappear its Plutonomy Report #2 | Real-World Economics Review Blog
Do you have information you want to share with HuffPost? The Citigroup analysts basically predicted the OWS-movement.
The population at large might still endorse the concept of plutonomy but feel they have lost out to unfair rules. I just learned of these reports from another WordPress blogger. Continental Europe ex-Italy and Japan are in the egalitarian bloc.
The fact that the Occupy movement is unprecedented is quite appropriate.