It’s a plutonomy, stupid
April 30, 2025 at 11:02 AM
It’s a plutonomy, stupid
RIP Bill Moyers. I think about this particular segment often.
Bill Moyers on Plutonomy
YouTube video by Christopher Smith
www.youtube.com
June 26, 2025 at 8:15 PM
RIP Bill Moyers. I think about this particular segment often.
I want you to look at this leaked Citigroup memo from roughly 20 years ago and then I want you to look at some of the names they donated to in 2024.
Wealthy elites are bribing both US parties because they want us divided and fighting each other over culture wars while they expand the plutonomy.
Wealthy elites are bribing both US parties because they want us divided and fighting each other over culture wars while they expand the plutonomy.
December 1, 2024 at 10:22 PM
I want you to look at this leaked Citigroup memo from roughly 20 years ago and then I want you to look at some of the names they donated to in 2024.
Wealthy elites are bribing both US parties because they want us divided and fighting each other over culture wars while they expand the plutonomy.
Wealthy elites are bribing both US parties because they want us divided and fighting each other over culture wars while they expand the plutonomy.
From me: It was 20 years ago that Citigroup described America as a plutonomy, an economy by and for the rich. We now have stats to show this has gotten worse: the top 10% are doing 50% of the retail sales, and this masks the pain from below.
prospect.org/economy/2025...
prospect.org/economy/2025...
The Plutonomy Is Still Going Strong
For the last 20 years, analysts have known that this is an economy by and for the rich.
prospect.org
September 18, 2025 at 1:44 PM
From me: It was 20 years ago that Citigroup described America as a plutonomy, an economy by and for the rich. We now have stats to show this has gotten worse: the top 10% are doing 50% of the retail sales, and this masks the pain from below.
prospect.org/economy/2025...
prospect.org/economy/2025...
it's funny bc Citigroup announced that the US was in a "plutonomy" like 15 years ago and everyone was like, "ah, well... nevertheless."
okay well I'm going to throw in my two cents, too: it's not oligarchy, it's plutocracy. if Trump was poor he would not be president and if Elon was poor he wouldn't be running the entire government while Trump golfs.
April 25, 2025 at 2:42 PM
it's funny bc Citigroup announced that the US was in a "plutonomy" like 15 years ago and everyone was like, "ah, well... nevertheless."
Interview: The Plutonomy and the Coming Crisis
www.dollarsandsense.org/interview-th...
www.dollarsandsense.org/interview-th...
Interview: The Plutonomy and the Coming Crisis
An interview with Yeva Nersisyan and L. Randall Wray
www.dollarsandsense.org
September 28, 2026 at 7:10 PM
Interview: The Plutonomy and the Coming Crisis
www.dollarsandsense.org/interview-th...
www.dollarsandsense.org/interview-th...
Unemployment is rising, yet so is consumer spending. Why? Because the rich can buy so much more than everyone else. Economists call it a K-shaped economy; plutonomy is more accurate. From @ddayen.bsky.social: trib.al/rUAPh3u
The Plutonomy Is Still Going Strong
For the last 20 years, analysts have known that this is an economy by and for the rich.
trib.al
September 18, 2025 at 6:30 PM
Unemployment is rising, yet so is consumer spending. Why? Because the rich can buy so much more than everyone else. Economists call it a K-shaped economy; plutonomy is more accurate. From @ddayen.bsky.social: trib.al/rUAPh3u
Back in 2005, at the height of the bubble, Citigroup coined the term "plutonomy" to describe economies "where economic growth is powered by & largely consumed by the wealthy few."
The original report — which was an investment thesis! — reads as haunting premonition: drive.google.com/file/d/0B6JH...
The original report — which was an investment thesis! — reads as haunting premonition: drive.google.com/file/d/0B6JH...
Citigroup Oct 16 2005 Plutonomy Report Part 1.pdf
drive.google.com
September 22, 2026 at 12:42 PM
Back in 2005, at the height of the bubble, Citigroup coined the term "plutonomy" to describe economies "where economic growth is powered by & largely consumed by the wealthy few."
The original report — which was an investment thesis! — reads as haunting premonition: drive.google.com/file/d/0B6JH...
The original report — which was an investment thesis! — reads as haunting premonition: drive.google.com/file/d/0B6JH...
Corporations have shifted to an economy of “premiumization” — hiking prices for luxury goods only the rich can afford and then trying to sell them to everyone. @emmarjanssen.bsky.social reports on the plutonomy:
trib.al/iBhQe6h
trib.al/iBhQe6h
Selling the Poor on Spending Like They’re Rich - The American Prospect
How plutonomy, premiumization, and social media squeeze the middle class.
trib.al
December 1, 2025 at 5:45 PM
Corporations have shifted to an economy of “premiumization” — hiking prices for luxury goods only the rich can afford and then trying to sell them to everyone. @emmarjanssen.bsky.social reports on the plutonomy:
trib.al/iBhQe6h
trib.al/iBhQe6h
"This marriage of money and politics has produced an America of gross inequality at the top and low social mobility at the bottom with little but anxiety and dread in between." www.youtube.com/watch?v=FSog...
Bill Moyers on Plutonomy
YouTube video by Christopher Smith
www.youtube.com
June 26, 2025 at 8:21 PM
"This marriage of money and politics has produced an America of gross inequality at the top and low social mobility at the bottom with little but anxiety and dread in between." www.youtube.com/watch?v=FSog...
Anyway vibesession made sense to me when I learned about the Plutonomy papers from 2005/06. They predicted that as consumption became increasingly dominated by wealthy stock owners rest of the economy would feel left behind.
Media caught up to this 15 years later with the “K” shaped economy idea.
Media caught up to this 15 years later with the “K” shaped economy idea.
It’s the plutonomy, stupid!
The economy's composition changed over 20 years ago, but economic reporting hasn't caught up.
misaligned.markets
April 14, 2026 at 5:27 PM
Anyway vibesession made sense to me when I learned about the Plutonomy papers from 2005/06. They predicted that as consumption became increasingly dominated by wealthy stock owners rest of the economy would feel left behind.
Media caught up to this 15 years later with the “K” shaped economy idea.
Media caught up to this 15 years later with the “K” shaped economy idea.
Interview: The Plutonomy and the Coming Crisis www.dollarsandsense.org/interview-th...
Interview: The Plutonomy and the Coming Crisis
An interview with Yeva Nersisyan and L. Randall Wray
www.dollarsandsense.org
September 28, 2026 at 4:17 PM
Interview: The Plutonomy and the Coming Crisis www.dollarsandsense.org/interview-th...
Increased consumer spending by America’s plutocrats masks rising unemployment and food insecurity for everyone else. @ddayen.bsky.social reports:
trib.al/dWjy00s
trib.al/dWjy00s
The Plutonomy Is Still Going Strong
For the last 20 years, analysts have known that this is an economy by and for the rich.
trib.al
September 18, 2025 at 6:00 PM
Increased consumer spending by America’s plutocrats masks rising unemployment and food insecurity for everyone else. @ddayen.bsky.social reports:
trib.al/dWjy00s
trib.al/dWjy00s
Excited to show you this feature from @emmarjanssen.bsky.social on why plutocracy is a driver of the affordability crisis. It manifests in a number of different ways: 🧵
prospect.org/2025/12/01/p...
prospect.org/2025/12/01/p...
Selling the Poor on Spending Like They’re Rich - The American Prospect
How plutonomy, premiumization, and social media squeeze the middle class.
prospect.org
December 1, 2025 at 2:44 PM
Excited to show you this feature from @emmarjanssen.bsky.social on why plutocracy is a driver of the affordability crisis. It manifests in a number of different ways: 🧵
prospect.org/2025/12/01/p...
prospect.org/2025/12/01/p...
"It is called “plutonomy” and it refers to how economic disparity ends up making things more expensive for all of us"
Great article!
werewolf.co.nz/2025/12/gord...
Great article!
werewolf.co.nz/2025/12/gord...
December 14, 2025 at 2:03 AM
"It is called “plutonomy” and it refers to how economic disparity ends up making things more expensive for all of us"
Great article!
werewolf.co.nz/2025/12/gord...
Great article!
werewolf.co.nz/2025/12/gord...
Increased consumer spending by America’s plutocrats masks rising unemployment and food insecurity for everyone else. @ddayen.bsky.social reports:
trib.al/llZ2INr
trib.al/llZ2INr
The Plutonomy Is Still Going Strong
For the last 20 years, analysts have known that this is an economy by and for the rich.
trib.al
September 18, 2025 at 4:45 PM
Increased consumer spending by America’s plutocrats masks rising unemployment and food insecurity for everyone else. @ddayen.bsky.social reports:
trib.al/llZ2INr
trib.al/llZ2INr
Correct. There are 2 economies. The plutonomy and the worker's economy. This is why economic averaging fails to see.
September 19, 2025 at 11:41 PM
Correct. There are 2 economies. The plutonomy and the worker's economy. This is why economic averaging fails to see.
I think the concept describing is plutonomy - economic growth powered and consumed by the wealthy
April 17, 2026 at 4:09 PM
I think the concept describing is plutonomy - economic growth powered and consumed by the wealthy
“Since the pandemic, many have used the term “K-shaped economy” to demonstrate that the richer segments of society have seen their fortunes rise while the poorest fall. But I prefer “plutonomy,” a closer analogue to the idea of a Second Gilded Age”
prospect.org/economy/2025...
prospect.org/economy/2025...
The Plutonomy Is Still Going Strong
For the last 20 years, analysts have known that this is an economy by and for the rich.
prospect.org
September 18, 2025 at 10:04 PM
“Since the pandemic, many have used the term “K-shaped economy” to demonstrate that the richer segments of society have seen their fortunes rise while the poorest fall. But I prefer “plutonomy,” a closer analogue to the idea of a Second Gilded Age”
prospect.org/economy/2025...
prospect.org/economy/2025...
"Over the past 30 years, the plutocrats- or plutonomists- choose your poison, have used their vastly increased wealth to capture the flag and assure the government does their bidding... " www.youtube.com/watch?v=FSog...
Bill Moyers on Plutonomy
YouTube video by Christopher Smith
www.youtube.com
June 26, 2025 at 8:21 PM
"Over the past 30 years, the plutocrats- or plutonomists- choose your poison, have used their vastly increased wealth to capture the flag and assure the government does their bidding... " www.youtube.com/watch?v=FSog...
"So it is that like those populists of that earlier era, millions of Americans have awakened to a sobering reality. They live in a plutocracy where they are disposable. Then the remedy was a popular insurgency that ignited the spark of democracy."
Bill Moyers on Plutonomy
YouTube video by Christopher Smith
www.youtube.com
June 26, 2025 at 8:21 PM
"So it is that like those populists of that earlier era, millions of Americans have awakened to a sobering reality. They live in a plutocracy where they are disposable. Then the remedy was a popular insurgency that ignited the spark of democracy."