Bakazahn Plutonomy: A Leaked Citibank Memo There are rich consumers, few in number, but disproportionate in the gigantic slice of income and consumption they take. Practically every country in the world is taking at least halting steps towards trying to do something about it. 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. Fortunately, this is already happening. They posit a few reasons for this change: Outsourcing, offshoring or insourcing of cheap labor is done to undercut current labor costs.
|Published (Last):||24 May 2008|
|PDF File Size:||8.29 Mb|
|ePub File Size:||5.13 Mb|
|Price:||Free* [*Free Regsitration Required]|
Dousar Log in or sign up in seconds. There might be a connection with Robert Gordon. That changed dramatically in the s. 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. Speaking of inequality, you did highlighting that Gangnam clip from Korean in a much earlier post, which was great fun by the way! Michael Moore referred to them in Capitalism: Secondly, if the rich are to keep getting richer, as we think they will do, then this has ongoing positive implications for the businesses selling to the rich.
And there were a number of things that could have been done. Posting links in other subs pointing to specific submissions or comments here is subject to a ban, depending on context. There are signs around the world that society is unhappy with plutonomy — judging by how tight electoral races are.
Plutonomy, we suspect is elastic. Those being undercut are losers in the short term. Finally, from the third memo: Follow Blog via Email Enter your email address to follow this blog and receive notifications of new posts by email.
Citigroup attempts to disappear its Plutonomy Report 2 Real-World Economics Review Blog Citigroup reports available for download here: In andseveral analysts at Citigroup took a very, very close look at the economic inequalities within the USA and other countries and wrote two memos which were addressed to their very wealthy customers.
It used to be that if a person in Congress hoped for a position such as a committee chair, he or she got it mainly through seniority and service. The Uber-rich, the plutonomists, are likely to see net worth-income ratios surge, driving luxury consumption. Independent media will be delisted from search engines and their domains could be blocked.
Finding pure-plays on the plutonomy theme, however, is tricky. 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.
It shows that they consider the citiibank of crony capitalism corporations subsidized by government to be the equivalent of theft:. Part 1 Part 2. 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.
In determining whether the use made citibamk a work in any particular case is a fair use the factors to be considered shall include: But does placing so much money in so few hands also pose risks? 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!
Concentration of wealth yields concentration of political power. They had the capacity to do it, the skilled work force. 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.
LEAKED CITIBANK MEMO PLUTONOMY PDF
Mara Clearly, this is a brazen abuse of copyright law to suppress legitimate journalism. I have saved copies to my hard citigank and will reblog pluttonomy post on my blog as well. The Uber-rich, the plutonomists, are likely to see net worth-income ratios surge, driving luxury consumption. You can find links to download both Plutonomy reports here. The share of this group in global financial wealth would thus increase to 5. Plutonomy and the Precariat Like say, Bachmann, Palin, etal?
CITIBANK MEMO PLUTONOMY PDF
Buying Luxury, Explaining Global Imbalances. I once tried to look these up, was unsuccessful. You are commenting using your WordPress. The Citigroup Plutonomy Memos: The rich have come back richer than ever. Comments on issue 74 — repaired post and read comments on issue That leakee not true. Notify me of new posts via email.