“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.

Author: Faekasa Tojagami
Country: Fiji
Language: English (Spanish)
Genre: Software
Published (Last): 5 January 2011
Pages: 206
PDF File Size: 13.42 Mb
ePub File Size: 10.41 Mb
ISBN: 861-5-84475-672-9
Downloads: 65305
Price: Free* [*Free Regsitration Required]
Uploader: Faesida

Smith bruceedmonds Kevin P. You just know there has to be a lot of documents floating around out there, but most of this kind of stuff is probably only talked about in places like Davos. The blog “No Apparent Motive” reported that they received a take-down letter from Citigroup’s lawyers after they posted a download link to citibaank copy of one of mmemo memos:.

After some efforts were made within the OWS-community, it is now possible without difficulty to find download links to the memos via google search for example for “download plutonomy memo”.

Plutonomy and the Precariat | HuffPost

And the Occupy movement is the first real, major, popular reaction that could avert this. The rich have come back richer than ever. In and Citigroup issued two now notorious but highly significant reports for the exclusive use of its richest clients. Wait, now that I look around, I see that Yves Smith at Naked Capitalism posted about this on October 15,almost three citigank ago, and called for people to protest the annual meetings of the American Bankers Association.

The population at large might still endorse the concept of plutonomy but feel they have lost out to unfair rules. Want to add to the discussion? Consensus analyses that do not tease out the profound impact of the plutonomy on spending power, debt loads, savings rates and hence current account deficitsoil price impacts etc, i.



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. Take, for example, Citigroup.

I have these documents on a Public Dropbox folder, to share plufonomy anyone who wants them. The parties dissolved in many ways. Pretty soon those working hours were much higher in the United States than in other industrial countries like Japan and various places in Europe.

Plutonomy and the Precariat

But if voters feel they cannot participate, they are more likely to divide up the wealth pie, rather than aspire to being truly rich. Top Blog at WordPress. This week, the House will begin to mark-up the bill. A multinational decided to close down a profitable, functioning facility carrying out some high-tech manufacturing. Wealth concentration Economic inequality.

Citigroup attempts to disappear its Plutonomy Report #2 | Real-World Economics Review Blog

During this discussion, Ajay Kapur the author of the plutonomy-theses, which is closely related to Piketty’s theses, entered the public stage again in May Lest we wonder who inititated class warfare.

I would greatly appreciate it as none mmemo the links are currently functioning. Bigoted slurs are not tolerated.

And of course, to buy luxury-goods stocks. This could be a period of irreversible decline. Eyes are getting bleary. I suppose I’ll read it over morning coffee. My email is civileconomies gmail. These take-down notices achieved the desired result, because the file-sharing website “scribd.

No accusations of rules violations in comments. Buying Luxury, Explaining Global Imbalances. The answer is of course yes. That changed dramatically in the s. Independent media will be delisted from search engines and their domains could be blocked.


It took two hours.

His web site is www. There are a lot of reasons for it. 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. There are rich consumers, few in number, but disproportionate in the gigantic slice of income and consumption they take.

One reason is that the US central bank Federal Reserve is reducing their asset purchases. Still true, as per evidence by Thomas Piketty and others. 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.

Something has to be done about it very soon in a dedicated, sustained way. The United States is also taking steps, mainly to accelerate the threat. Finding pure-plays on the plutonomy theme, however, is tricky.

Ever since they were leaked to the internet a few years back, Citigroup has been trying desperately to hide these memos from the public. 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.

Part 1 Part 2. Please respect other views and opinions, and keep an open mind.