1. Old News, But Not Enough People Know It This is old news, but old news that most people don’t know about, because Citigroup has been. Ajay Kapur, global strategist at Citigroup, and his research team came up with the term “Plutonomy” in to describe a country that is defined. Equity risk premium embedded in “global imbalances” are unwarranted. Citigroup’s second Plutonomy report, titled “Revisiting Plutonomy.
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You can find the first report here: Post was not sent – check your email addresses! I managed to get 2 from the Greencard site…. At the other extreme, insourcing, or allowing mass immigration, which might price domestic workers out of jobs, leads to stratgey for anti-immigration policies, at worst championed by those on the far right.
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. Regarding your closing quote about equal voting power with the rich, I would inreasingly question this.
You can either use the [ Trackback URL ] for this entry, or link to your response directly. In a sstrategy, which he wrote for customers of his new employer, Bank of America Merrill Lynchone of the largest wealth management firms, Kapur and his team defended Piketty against critics.
Richard William Posner permalink. For example, inUK government withdrawal of financial support bankrupted Railtrack, the UK rail operator, effectively re-nationalizing railway assets on the cheap.
realitybase – Journal – The Citigroup Plutonomy Memos
For one thing, its not even clear if the Plutonomy Memos constitute protected copyright material. BCG expects the trend toward more concentrated wealth to continue unabated. Top Blog at WordPress. To use Rawls-ian analysis, the invisible hand stops working.
Back when I worked at ThinkProgress, I repeatedly broke stories using leaked memos and other internal documents from powerful corporations. But if voters feel they cannot participate, they are more likely to divide up the wealth pie, rather than aspire to being truly rich. Buying Luxury, Explaining Global Imbalances. The link you provided no longer works.
We are not taking anything down, we take up the fight against the people who believe that they have the right to be the unelected leaders of the world. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation s or view s in this report.
Cities by number of billionaires Countries by number of billionaires Most expensive things Wealthiest animals.
The summary on the first page of this citigdoup, which another report for their super-wealthy investors, boldly presents “Plutonomy” not only as a fact, but a business great business opportunity:. One of the key forces helping plutonomists over the last 20 llutonomy has been the rise in the profit share — the flip side of the fall in the wage share in GDP.
This page was last edited on 29 Novemberat However in democracies this is rarely tolerated forever. References 1 References allow you to track sources for this article, as well as articles that were written in response to this article. Views Read Edit View history. Eight years after Kapur and his team developed and published their plutonomy thesis, the French economist Thomas Piketty achieved worldwide prominence with his book Capital in the Twenty-First Century.
Plutonomy – Wikipedia
Post a New Comment Enter your information below to add a new comment. Part 1 Part 2. The key challenge for corporates in this space is to maintain the mystique of prestige while trying to grow revenue and hit the mass-affluent market. Those citivroup undercut are losers in the short term. I would greatly appreciate it as none of the links are currently functioning.
The October memo is here. This citgroup, the House will begin to mark-up the bill. Clearly, this is a brazen abuse of copyright law to suppress legitimate journalism.