"Ajay Kapur, global strategist at Citigroup, and his research team came up with the term “Plutonomy” in 2005 to describe a country that is defined by massive income and wealth inequality. According to their definition, the U.S. is a Plutonomy, along with the U.K., Canada and Australia." Robert Franks.
Read more here.
Read Edward Fullbrook here.
Or rational wiki here.
In France, the U.K., and the U.S., the share of total income currently appropriated by capital is thirty per cent. The top 0.1 per cent of income earners own twenty per cent of wealth. The top one per cent own 40 per cent. The top ten per cent own 80 to 90 per cent. The bottom 50 per cent own a mere five per cent of wealth.
Al Engler - Capitalism actually widens economic disparity, rabb.ca.
Showing posts with label plutonomics. Show all posts
Showing posts with label plutonomics. Show all posts
Monday, 2 June 2014
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Okay I lied
I didnt intend to lie but my carelessness trapped me, or I trapped it. Thanks to the Unitarian Fellowship of Nanaimo for the beautiful se...
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This post is a continuation of the series on the new class system , and bears no relation to the slang usage referring to a part of female ...
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" In 1926, Calvin Coolidge’s treasury secretary, Andrew Mellon, one of the world’s richest men, pushed through a massive tax cut tha...
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He left last night not knowing (I like to think) It was not his choice it was decided for him I tell myself. He stopped breathing and t...
