plutonomy
(en)
a term that Citigroup analysts have used for economies "where economic growth is powered by and largely consumed by the wealthy few."
This was anticipated in the infamous ‘plutonomy’ memorandums distributed by Citibank in 2005 and 2006 to a select circle of its richest clients, to assure them that their prosperity no longer depended on that of wage earners
notable
7 years, 2 months ago