Monday, March 29, 2010

On Plutonomy and Savings

Naked Capitalilsm's Yves Smith examines the macro economic impact of the plutonomy. The plutonomy was coined and described in a Citigroup document that acclaimed the increasing inequality and structural deterioration of democracy in America.
http://www.nakedcapitalism.com/2010/03/high-income-disparity-leads-to-low-savings-rates.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29

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