We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Tuesday, January 10, 2012

Plutonomy: The Memo Citigroup Doesn’t Want You to See [14:12m video]

from It's Our Economy Now.

In case you missed that infamous internal document leaked from Citigroup by some wonderful person...
White collar criminologist William Black dissects a 2005 Citigroup memo intended for its wealthiest clients that describes the US, UK, and Canada as plutonomies — countries where rule by an ultra-rich managerial class has replaced democracy.


Also, you can access the document by clicking on my second posting here. 

There appears that Citigroup is making an effort to remove the document from the web. See this.
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