13 November, 2010

Plutocracy in the USA, Canada and UK

Watched Michael Moore's "Capitalism: A Love Story" and went searching on the net for those incredible CitiGroup memos he cites there. They talk about the Plutocracy in the USA, Canada and UK and the growing income inequalities in those countries. All from the point of view of equity investment. They were not so easy to find as many source links have been removed over time.

I've read the first one and skimmed through the second. Pretty interesting. Looks legit, but as with everything you find online, to be taken with a grain of salt:

Plutonomy: Buying Luxury, Explaining Global Imbalances

Revisiting Plutonomy: The Rich Getting Richer

Update (Jun 7 2011): Got contacted by a law firm representing Citigroup asking for the removal of those PDFs from dandrader.com (my website) as I'm infringing their copyright by reproducing them without any authorization. Therefore I've removed the PDFs and updated the links above to point to other URLs that still publish those reports. What's interesting is that this is a confirmation that those reports are indeed authentic.