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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By continuing to use this website, you agree to their use. 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. It shows that the rich in the US continue to be in great shape.

Before the s, banks were banks.

Plutonomy – SourceWatch

Plutocracies always destroy themselves, and many innocents along with them. Take a look at cihigroup big topic in Washington that everyone concentrates on: Wealth concentration Economic inequality. The s and s had been a period of enormous growth, the highest in American history, maybe in economic history. There were other factors. On the History of the U. Citigroup reports available for download here: Top Blog at WordPress. And this is considered a good thing.

Plutonomy and the Precariat

Notify me ciitigroup new comments via email. But they seem to have been largely ignored by scholars. Ever since they were leaked to the internet a few years back, Citigroup has been trying desperately to hide these memos from the public.


From Wikipedia, the free encyclopedia. Citigroup wrote memos in and addressed to investors, basically saying that the world is dividing up more and more into a small group of rich people who drive the economy, surrounded by a large number of poor people whose economic interests can be safely ignored. Leave a Reply Cancel reply Enter your comment here Just send e-mail to gil —AT— merced-a.

The Occupy movements could provide a mass base for trying to avert what amounts to a dagger pointed at the heart of the country. Steel decided to close one of its major facilities in Youngstown, Ohio.

Behold the Dark Side! The legislation, essentially bipartisan, drives new fiscal policies and tax changes, as well as the rules of corporate governance and deregulation. In fact, some of them are major. Pplutonomy with enough popular support, they could have won.

In plutonomies the rich absorb a disproportionate chunk of the economy and have a citigeoup impact on reported aggregate numbers like savings rates, current account deficits, consumption levels, etc. The parties dissolved in many ways. 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. They present themselves as looney, as well.

Plutonomy and the Precariat | HuffPost

Tap here to turn on desktop notifications to get the news sent straight to you. I would greatly appreciate it as none of the links are currently functioning.

They did what banks were supposed to do in a state capitalist economy: Edward Fullbrook and Jamie Morgan. Something has to be done about it very soon in a dedicated, sustained way.


You are commenting using your Facebook account. The idea of worker takeovers is something which is, incidentally, very much on the agenda deport, and we should keep it in mind. Climate Change and Nuclear Weapons.

The outcome of the deficit commission is probably going to be the opposite. That changed dramatically in the s. His web site is www. Fill in your details below or click teport icon to log in: For the public, correctly, the deficit is not regarded as much of an issue.

The developments that took place during the s set off a vicious cycle. Views Read Edit View history.

Well, it could be the above quote from memo 1 a point made several times throughout the documentexplicitly linking the trend of growing income inequality to the stuff neoliberal politicians are always trying to push on governments. In the s, unemployed working people could anticipate that their jobs would come back.

Not long ago, President Barack Obama plutonkmy over the auto industry, which was basically owned by the public. Just to make it more surreal, while this option was being avoided, the Obama administration was sending its transportation secretary to Spain to get contracts for developing high-speed rail for the United States, which could have been done right in the rust belt, which is being closed down.