Taken For Granted At Davos That US Government Run On ‘Legalized Corruption’

[Agony]

64. citi called it a plutonomy in 2005 and on and on it goes...

they have been strategizing around this idea for a while.

http://blogs.wsj.com/wealth/2007/01/08/plutonomics/
"
1. They are all created by “disruptive technology-driven productivity gains, creative financial innovation, capitalist friendly cooperative governments, immigrants…the rule of law and patenting inventions. Often these wealth waves involve great complexity exploited best by the rich and educated of the time.”

2. There is no “average” consumer in Plutonomies. There is only the rich “and everyone else.” The rich account for a disproportionate chunk of the economy, while the non-rich account for “surprisingly small bites of the national pie.” Kapur estimates that in 2005, the richest 20% may have been responsible for 60% of total spending.

3. Plutonomies are likely to grow in the future, fed by capitalist-friendly governments, more technology-driven productivity and globalization.
"