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Leaked Citibank Memo The Plutonomy Symposium Rising Tides Lifting Yacht
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http://www.investopedia.com/terms/p/plutonomy.asp

Quote:Plutonomy

What Does Plutonomy Mean?

Economic growth that is powered and consumed by the wealthiest upper class of society. Plutonomy refers to a society where the majority of the wealth is controlled by an ever-shrinking minority; as such, the economic growth of that society becomes dependent on the fortunes of that same wealthy minority.

Investopedia explains Plutonomy

This buzz word was initially coined by analysts at Citigroup in 2005 to describe the incredible growth of the U.S. economy during that period despite increasing interest rates, commodity prices and an inflated national debt. Citigroup analysts argued that as such an economy continues to grow in the face of contradictory elements, the more important the society's ultra rich become to maintaining such growth. The analysts also believed that in addition to the U.S., Canada, Great Britain and China are also becoming plutonomies.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14
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Leaked Citibank Memo The Plutonomy Symposium Rising Tides Lifting Yacht - by David Guyatt - 24-01-2011, 03:42 PM

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