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Progressive Party blog: ‘Plutonomy and preventing the poor vote’

Posted by ShellyHatch at http://www.progressiveparty.org/blog/

A memo from Citi Group in 2006 talks about how they view the U.S. as a “Plutonomy,” not a democracy. They invented this word, but it basically means a society where the rich get richer and the poor get poorer. The memo describes this as a good thing and Citi cites why they will continue to invest in companies that cater to the Rich. On page 10 under the heading “risks”, they explain that the greatest risk to their strategy is that the poor get to vote and the poor represent a much larger percentage of the electorate.

One Comment

  1. Green Party Conservative April 9, 2010

    The progressive party is the Green Party ….

    right…

    The Green Party always personified by strong women…

    True in France as the gear up for electing the next French President…

    Cecile Duflot, the head of France’s Green Party, has become a rising star in Paris power politics. Following her party’s success in the European Parliament and last month’s regional elections, Duflot could become the kingmaker in France’s next presidential election – a campaign in which a trio of women might unseat Nicolas Sarkozy.

    http://freeinternetpress.com/story.php?sid=25288#top

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