The reports are available (for the time being: 20 June here and here from Edward Fullbrook In and Citigroup issued two now. Reports Letter to Shareholders. Reports. Annual Report (full web version) · Annual Report (pdf) · Proxy Statement. Letter to Shareholders. a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report .
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Ever since they were leaked to citigrop internet a few years back, Citigroup has been trying desperately to hide these memos from the public. You can see it right now, in fact.
You are commenting using your Twitter account. And there are other things going on like that.
Plutonomy and the Precariat
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This 35 page report begins: Behold the Dark Side! His web site is www. It was a partial victory because, even though they lost, it set off other efforts. Notify me of new comments via email. Low-end plufonomy market labor might not have much economic power, but it does have equal voting power with the rich.
Fill in your details below or click an icon to log in: But unless the spirit of the last year, here and elsewhere in the country and around the globe, continues to grow and becomes a major force in the social and political world, the chances for a decent future are not very high.
The United States is also taking steps, mainly to accelerate the threat. There has always been a gap between public policy and public will, but it just grew astronomically. Within a couple of years, they started having to put plutonomj into the party coffers in order to get ahead, a topic studied mainly by Tom Ferguson. The other, of course, is environmental catastrophe. Meanwhile, it opened a period of stagnation or even decline for the majority of the population. On the History of the U. Take a look at the polls.
Plutonomy – Wikipedia
Wealth concentration Economic inequality. These economies have seen the rich take an increasing share of income and wealth over the last 20 years, to the extent that the rich now dominate income, wealth and spending in citiggoup countries. And there were a number of things that could have been done. On the Working Class. These memos prove the opposite, that the elite are perfectly happy to let us drown.
Alongside this began a sharp rise in the costs of elections, which drove the political parties even deeper into the pockets of the corporate sector. Concentration of wealth yields concentration of political power.
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. Can someonoe citivroup e-mail me the report? The multinational decided to close it down instead, probably for reasons of class-consciousness.
Citigroup attempts to disappear its Plutonomy Report #2 | Real-World Economics Review Blog
Doubtful about the value of the vote though, when it can be so easily manipulated by media, as in the Clinton-Trump election. And this is considered a good thing.
They present themselves as looney, as well. In and Citigroup issued two now notorious but highly significant reports for the exclusive use of its richest clients.
Through the s, as the decline was setting in, there were some important events that took place. 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.
We project that the plutonomies the U.