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...
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...
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...
Learning about Plutonomy now since raising interest rates has done nothing to combat inflation…https://apnews.com/article/federal-reserve-warsh-trump-inflation-bab1bcb07e973bfb2dd0c3e5fbbb73b1?utm_source=app&utm_medium=iOS_share&utm_campaign=copy_link
September 16, 2026 at 5:50 PM
Learning about Plutonomy now since raising interest rates has done nothing to combat inflation…https://apnews.com/article/federal-reserve-warsh-trump-inflation-bab1bcb07e973bfb2dd0c3e5fbbb73b1?utm_source=app&utm_medium=iOS_share&utm_campaign=copy_link
Measuring Plutonomy Intensity Under Data Deprivation: An Axiomatic Index: Myra Yazbeck
NEP/RePEc link
to paper
d.repec.org
September 15, 2026 at 2:52 PM
Measuring Plutonomy Intensity Under Data Deprivation: An Axiomatic Index: Myra Yazbeck
US has forgotten FDR's warning: www.youtube.com/watch?v=tLaE... It has seen so much corruption pushed by the ultra-rich that now it's normalized. Unless the klepto-kakistocracy of the Epstein class is reversed, the plutonomy papers of 2006 would come true. yorkspace.library.yorku.ca/server/api/c...
Inside Why US Billionaires Applauded the Heirs to Hitler
YouTube video by Thom Hartmann Program
www.youtube.com
September 10, 2026 at 1:37 PM
US has forgotten FDR's warning: www.youtube.com/watch?v=tLaE... It has seen so much corruption pushed by the ultra-rich that now it's normalized. Unless the klepto-kakistocracy of the Epstein class is reversed, the plutonomy papers of 2006 would come true. yorkspace.library.yorku.ca/server/api/c...
The Plutonomy—AI Edition—and the Coming Crisis www.dollarsandsense.org/the-plutonom...
The Plutonomy—AI Edition—and the Coming Crisis
Driven by speculative finance, stagnant wages, and AI hype, today’s tech-heavy economy mirrors the fragile plutonomy that collapsed into the Great Crash of 1929.
www.dollarsandsense.org
September 3, 2026 at 1:56 PM
The Plutonomy—AI Edition—and the Coming Crisis www.dollarsandsense.org/the-plutonom...
On top of K-shaped Plutonomy most of life's necessities are dominated by extractive exchanges. Subscriptions whose prices change suddenly, dynamic pricing, draconian employers. This is not a sudden change, but we're approaching what feels like the breaking point of this transition.
August 30, 2026 at 6:32 PM
On top of K-shaped Plutonomy most of life's necessities are dominated by extractive exchanges. Subscriptions whose prices change suddenly, dynamic pricing, draconian employers. This is not a sudden change, but we're approaching what feels like the breaking point of this transition.
Citigroup said it was the Plutonomy over 20 years ago. Everything we're experiencing was part of their description.
Working on a follow-up piece that attempts to measure other dimensions of this transition. See it everywhere from dynamic pricing, right-to-repair battles, workers burning warehouses.
Working on a follow-up piece that attempts to measure other dimensions of this transition. See it everywhere from dynamic pricing, right-to-repair battles, workers burning warehouses.
The way we measure the economy hasn't changed in nearly a century. This methodology makes it very easy to miss the ways which life has gotten harder for the average American. Analysts at Citibank anticipated this over 20 years ago in a memo to wealthy clients.
#inequality #economics #capitalism
#inequality #economics #capitalism
It’s the plutonomy, stupid!
The economy's composition changed over 20 years ago, but economic reporting hasn't caught up.
misaligned.markets
August 30, 2026 at 6:32 PM
Citigroup said it was the Plutonomy over 20 years ago. Everything we're experiencing was part of their description.
Working on a follow-up piece that attempts to measure other dimensions of this transition. See it everywhere from dynamic pricing, right-to-repair battles, workers burning warehouses.
Working on a follow-up piece that attempts to measure other dimensions of this transition. See it everywhere from dynamic pricing, right-to-repair battles, workers burning warehouses.
This was the impetus for antitrust and the New Deal and the modern progressive movement from what I can tell. I don't know many people who solely frame wealth (Plutonomy especially) as just a fairness issue.
the ape brain is wired for distributive questions so the temptation is to think things in "those fuckers" and "our shit" terms but the reality is clearly that power is the dangerous thing they have, not money.
August 30, 2026 at 6:00 PM
This was the impetus for antitrust and the New Deal and the modern progressive movement from what I can tell. I don't know many people who solely frame wealth (Plutonomy especially) as just a fairness issue.
This is what plutonomy looks like: economic growth and consumption are powered by the wealthiest percentage of the population. We are effectively screwed
August 15, 2026 at 1:47 AM
This is what plutonomy looks like: economic growth and consumption are powered by the wealthiest percentage of the population. We are effectively screwed
Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest”
August 5, 2026 at 9:52 AM
Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest”
Hey look at this
* Rappler: Open Source Intelligence Researcher gijn.org/jobs/open-so...
* Plutonomy—the AI Edition—and the Coming Crisis www.levyinstitute.org/wp-content/u...
* The Real Story Behind the 2018 Google Walkout www.wired.com/story/2018-g...
3/
* Rappler: Open Source Intelligence Researcher gijn.org/jobs/open-so...
* Plutonomy—the AI Edition—and the Coming Crisis www.levyinstitute.org/wp-content/u...
* The Real Story Behind the 2018 Google Walkout www.wired.com/story/2018-g...
3/
August 4, 2026 at 11:43 AM
Hey look at this
* Rappler: Open Source Intelligence Researcher gijn.org/jobs/open-so...
* Plutonomy—the AI Edition—and the Coming Crisis www.levyinstitute.org/wp-content/u...
* The Real Story Behind the 2018 Google Walkout www.wired.com/story/2018-g...
3/
* Rappler: Open Source Intelligence Researcher gijn.org/jobs/open-so...
* Plutonomy—the AI Edition—and the Coming Crisis www.levyinstitute.org/wp-content/u...
* The Real Story Behind the 2018 Google Walkout www.wired.com/story/2018-g...
3/
"Plutonomy--the AI Edition--and the Coming Crisis": L. Randall Wray
NEP/RePEc link
to paper
d.repec.org
July 26, 2026 at 3:52 AM
"Plutonomy--the AI Edition--and the Coming Crisis": L. Randall Wray
"Plutonomy--the AI Edition--and the Coming Crisis": L. Randall Wray
NEP/RePEc link
to paper
d.repec.org
July 25, 2026 at 7:50 AM
"Plutonomy--the AI Edition--and the Coming Crisis": L. Randall Wray
"Plutonomy--the AI Edition--and the Coming Crisis": L. Randall Wray
NEP/RePEc link
to paper
d.repec.org
July 23, 2026 at 9:52 AM
"Plutonomy--the AI Edition--and the Coming Crisis": L. Randall Wray
like technically speaking the "vibecession" thing is real bc on paper the economy is good but like, the economy means different things to different people
citibank suggested pivoting to the plutonomy in 2005 then tried to scrub it off the internet, but like, this is it elpidio.org/2018/02/12/c...
citibank suggested pivoting to the plutonomy in 2005 then tried to scrub it off the internet, but like, this is it elpidio.org/2018/02/12/c...
Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest” | Elpidio Valdes
Read the latest update, Citigroup’s Plutonomy Memo: “There are rich consumers, and there are the rest”, from the Elpidio Valdes blog! Visit our site for the latest insights and articles.
elpidio.org
July 21, 2026 at 1:12 AM
like technically speaking the "vibecession" thing is real bc on paper the economy is good but like, the economy means different things to different people
citibank suggested pivoting to the plutonomy in 2005 then tried to scrub it off the internet, but like, this is it elpidio.org/2018/02/12/c...
citibank suggested pivoting to the plutonomy in 2005 then tried to scrub it off the internet, but like, this is it elpidio.org/2018/02/12/c...
This bastard needs a XXXL sock stuffed in his lying mouth. His industry was warned about plutonomy 20 years ago, warned by his own industry (Citigroup), and they just kept sucking up to the wealthy while crushing the working class.
Fuck him and his bullshit […]
[Original post on mstdn.social]
Fuck him and his bullshit […]
[Original post on mstdn.social]
July 15, 2026 at 5:42 PM
This bastard needs a XXXL sock stuffed in his lying mouth. His industry was warned about plutonomy 20 years ago, warned by his own industry (Citigroup), and they just kept sucking up to the wealthy while crushing the working class.
Fuck him and his bullshit […]
[Original post on mstdn.social]
Fuck him and his bullshit […]
[Original post on mstdn.social]
''Interestingly, as private credit is investing in AI, AI’s coding ability threatens the software sector in which private credit is so heavily invested. Thus, the fragility of their position stems not only from their own investments in data center buildout, but from potential disruptions to [...]''
Plutonomy—the AI Edition—and the Coming Crisis – Levy Economics Institute of Bard College
This paper examines the rise of the plutonomy—an economy dominated by the new plutocrats—and compares it with the Gilded Age of the 1920s. We show how John Kenneth Galbraith’s analysis...more
www.levyinstitute.org
July 10, 2026 at 1:58 AM
''Interestingly, as private credit is investing in AI, AI’s coding ability threatens the software sector in which private credit is so heavily invested. Thus, the fragility of their position stems not only from their own investments in data center buildout, but from potential disruptions to [...]''
You've heard of plutocracy, but what's plutonomy? alexwhite.org/2026/03/youv...
You've heard of plutocracy, but what's plutonomy? | Alex White
Plutocracy is a term you've probably heard before. It means "rule by the rich". But what is a "plutonomy"?
alexwhite.org
May 31, 2026 at 6:15 AM
You've heard of plutocracy, but what's plutonomy? alexwhite.org/2026/03/youv...
You've heard of plutocracy, but what's plutonomy? alexwhite.org/2026/03/youv...
You've heard of plutocracy, but what's plutonomy? | Alex White
Plutocracy is a term you've probably heard before. It means "rule by the rich". But what is a "plutonomy"?
alexwhite.org
May 31, 2026 at 1:02 AM
You've heard of plutocracy, but what's plutonomy? alexwhite.org/2026/03/youv...
I'm combining plutonomy with other “pillars” of the social contract. Economy feels more extractive now. Growth opportunities like AI and crypto are pitched as securing wealth before you're cemented into a “permanent underclass.” Jobs are seen as transactional. Products are enshittifying.
I’m working on a post that talks about the three pillars of the new social contract. Plutonomy (if you are already at the top things are good), extractive relationships (enshittification, employers as private abusive governments), and (vaguely) social relationships being no longer grounded in space.
May 29, 2026 at 7:43 PM
I'm combining plutonomy with other “pillars” of the social contract. Economy feels more extractive now. Growth opportunities like AI and crypto are pitched as securing wealth before you're cemented into a “permanent underclass.” Jobs are seen as transactional. Products are enshittifying.
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