Plutonomy -
Economic growth that is powered and consumed by the wealthiest upper class of society. Plutonomy refers to a society where the majority of the wealth is controlled by an ever-shrinking minority; as such, the economic growth of that society becomes dependent on the fortunes of that same wealthy minority. source
Democratic Underground: Citigroup's Shocking 'Plutonomy' Reports
2 comments:
How many homes, yachts, jewels and whores can a really rich guy use anyway is the big ? on every merchant to the wealthys lips
Apparently there is never enough homes, yachts, islands, or whores. It could be that the super rich are the most mentally impoverished group ever.
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