A government controlled by the wealthy.
Al Gore and John Kerry are plutocrats.
by The Wog Whomper May 3, 2005
Get the plutocracy mug.(ECONOMICS) economies in which consumption by the very rich is what drives most growth: Bulgari watches, Maybach limousines, Gulfstream V business jets, vacations in the Maldives, Dolce & Gabbana suits, private security services, money laundering, and income tax evasion.
Initially coined by analysts at Citigroup in 2005 to describe the growth of the Usonian economy during that period despite horrible economic fundamentals. Later used by Naomi Klein in her essential work, *The Shock Doctrine*.
Initially coined by analysts at Citigroup in 2005 to describe the growth of the Usonian economy during that period despite horrible economic fundamentals. Later used by Naomi Klein in her essential work, *The Shock Doctrine*.
The US., UK, and Canada are the key Plutonomies - economies powered by the wealthy. Continental Europe (excluding Italy) and Japan are in the egalitarian bloc.
- Equity risk premium embedded in "global imbalances" are unwarranted.
In plutonomies the rich absorb a disproportionate chunk of the economy and have a massive impact on reported aggregate numbers like savings rates, current account deficits, consumption levels, etc.
{Citigroup Oct 16, 2005 Plutonomy Report Part 1}
- Equity risk premium embedded in "global imbalances" are unwarranted.
In plutonomies the rich absorb a disproportionate chunk of the economy and have a massive impact on reported aggregate numbers like savings rates, current account deficits, consumption levels, etc.
{Citigroup Oct 16, 2005 Plutonomy Report Part 1}
by Abu Yahya July 10, 2010
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by StarChaser2637 July 25, 2016
Get the Platonic friendship mug.by ntsci September 17, 2012
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by lyrical soldier May 14, 2010
Get the Ploto mug.plutowoahh is a well known underground tweeter followed by people like Doc & Kumba he manages to keep the timeline entertained everyday
by flackojoyde77 May 21, 2021
Get the plutowoahh mug.To be so drunk that the next morning you will most certainly wake up feeling;
a) with no idea of your whereabouts
b) as if you've just been in a Napalm attack.
a) with no idea of your whereabouts
b) as if you've just been in a Napalm attack.
"Look at Burty go, he's getting Platooned tonight"
"Yeah, he'll definitely be waking up in Vietnam tomorrow".
"Yeah, he'll definitely be waking up in Vietnam tomorrow".
by kramssor April 21, 2009
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