international_plutonomy unhinged 'recently there was a publication by citigroup...they put out a study for investors in which they identify a new category in the world - what they call the 'plutonomy' - those who have substantial wealth...[they] urge investors to concentrate on investing for the plutonomy. so the small percentage of the the world's population that's gathering together in increasing wealth - that's what you focus on. the rest you can forget about. when you're moving into an international plutonomy, what happens to american consumers is much less of a concern, because of most of them aren't going to be consuming your products anyway...your goals are profit in the next quarter...so the concern for the health of the society here has substantially lessened. when the president of GM sixty years ago said, 'what's good for GM is good for the country,' that wasn't totally false. the converse was also true: 'what's good for the country is also good for GM.' but that's much less true in the current increasingly paper economy or overseas economy. ...so, it's a different attitude in general. from the point of view of the policy makers, the long-term future of the country doesn't matter so much. what matters is just those sectors of the society that sustain concentrated privilege...now, the plutonomy is much more rigorously following adam smith's vile maxim: 'all for ourselves, nothing for anyone else.' - noam chomsky 180829 what's it to you? who go blather from