Plutonomy: The Memo Citigroup Doesn't Want You to See
Channel: Jobs Now!
Date: 2011-12-08

White collar criminologist William Black dissects a 2005 Citigroup memo intended for its wealthist clients that describes the US, UK, and Canada as plutonomies -- countries where rule by an ultra-rich managerial class has replaced democracy.
Black is former federal regulator and author of "The Best Way to Rob a Bank is to Own One." He holds a joint appointment to the departments of Law and Economics at the University of Missouri - Kansas City, and was featured in the Michael Moore documentary: "Capitalism: A Love Story." 
Excerpted from "Wall Street: The Great Jobs Killer" delivered Nov. 29, 2011 to a standing room only audience at the University of Missouri - Kansas City. Sponsored by the Jobs Now! Coalition, United Autoworkers Local 249, Occupy Kansas City, the UMKC College Democrats, the UMKC Economics Club, and the Institute for Labor Studies.