Don’t Forget About Plutonomy

A reminder of what we are up against


I was doing research for a project that I’m working on and I stumbled upon this bit of literature. I haven’t thought of it in years, despite its being posted on the Journal of a Mad Sociologist Readings page. It’s a summary of the outcomes of the Plutonomy Symposium called Rising Tides Lifting Yachts. It’s an unapologetic schema for perpetuating and increasing economic inequality.

Put out by Citigroup, the symposium concluded that they had had a great run of collecting for themselves the world’s wealth. In 2006, it looked like the sky was the limit in how much wealth they would amass. My favorite line from this report comes in the very beginning under “What Could Go Wrong?” The authors state, “we think the most potent and short-term threat would be societies demanding a more ‘equitable’ share of wealth.”

You have to understand, economic inequality and injustice isn’t something that just happens. It’s planned and promulgated from boardrooms and elite gatherings like the “Plutonomy Symposium.”

And now these guys have a carte blanche to purchase US elections and politicians directly.

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