Plutonomy

The word "plutonomy" refers to economic growth that is powered and consumed by the wealthy. The word was coined by Ajay Kapur, a global strategist at Citigroup, in 2005.

Factors that create and maintain plutonomy
Ajay Kapur, a global strategist at Citigroup, defined six factors that helped create and maintain a plotonomy:
 * business-friendly government and tax policies
 * increasingly complex financial systems
 * control of the rule of law
 * globalization
 * technology changes
 * patent protection

Sourcewatch resources

 * Citigroup Plutonomy Report, Part 1, Oct 16, 2005.
 * Citigroup Plutonomy Report, Part 2, March 5, 2006.

External resources

 * Michael Moore, Capitalism: A Love Story, Movie web site.


 * Plutonomy, David C. Korten.

External articles

 * We're living in a plutonomy, Sunday Telegraph UK, April 2, 2006.


 * Robert Frank, The Wealth Report, Wall Street Journal blogs, January 8. 2007.


 * Greed at a Glance, Multinational Monitor, March/April 2007.


 * jamess, Citigroup's Shocking 'Plutonomy' Reports -- h/t Michael Moore, Daily Kos diary, October 4, 2009.


 * Plutonomy on the ropes: How to save capitalism, St. Louis Today editorial, October 4, 2009.