Re:US Federal Reserve says its goal is ‘to get wages down’
by heavyset_go on Sunday May 29, 2022 @08:50PM
(#31554415)
> This system is unsustainable. Just like an algal bloom eventually starves itself and dies out, squeezing out every limited dollar you can from people ultimately robs them of the purchasing power to become a customer.
Financial leadership and investors have long known this, and actively plan for it[1]:
> Citigroup analysts have also used the word plutonomy to describe economies "where economic growth is powered by and largely consumed by the wealthy few."
Here's a link to the plutonomy paper from Citigroup[2].
Financial leadership and investors have long known this, and actively plan for it[1]:
> Citigroup analysts have also used the word plutonomy to describe economies "where economic growth is powered by and largely consumed by the wealthy few."
Here's a link to the plutonomy paper from Citigroup[2].
[1] https://en.wikipedia.org/wiki/Plutonomy#Origins
[2] https://delong.typepad.com/plutonomy-1.pdf