Plutonomy
Definitions
2
Posts
2
Posters
72
Views
-
(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]. -
The science of the production and distribution of wealth.
Explore More Definitions
Browse our collection of 300,000+ community-written definitions