A few weeks ago, Ed Fullbrook posted about a Citibank report about the rise of a plutonomic society. The report reads, in part: The World is dividing into two blocs – the Plutonomy and the rest. The U.S., UK, and Canada are the key Plutonomies – economies powered by the wealthy. Continental Europe (ex-Italy) and [...]
Archive for December 7th, 2010
Banks Notice the Rise of Plutonomy
Posted in Uncategorized, tagged Economic Crisis, financial crisis, inequality on December 7, 2010 | 2 Comments »
Zombie ideas
Posted in Uncategorized, tagged zombie economics on December 7, 2010 | Leave a Comment »
[ht:cr] Very disappointed in this tax deal. Trickle down economics is an example of “zombie” economics: it should be long gone but somehow refuses to die.
