|
Plutonomy
Plutonomy (; a portmanteau of '' plutocracy'' and ''economy'') is the science of production and distribution of wealth. Origins Plutonomy entered the language as late as the 1850s in the work of John Malcolm Forbes Ludlow. John Ruskin John Ruskin (8 February 1819 20 January 1900) was an English polymath a writer, lecturer, art historian, art critic, draughtsman and philanthropist of the Victorian era. He wrote on subjects as varied as art, architecture, Critique of politic ... is quoted as having referred to plutonomy as a "base or bastard science". Citigroup analysts have also used the word plutonomy to describe economies "where economic growth is powered by and largely consumed by the wealthy few." In three reports for super-rich Citigroup clients published in 2005 and 2006, a team of Citigroup analysts elaborated on their thesis that the share of the very rich in national income of plutonomies had become so large that what is going on in these economies and in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citigroup
Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and The Travelers Companies, Travelers; Travelers was spun off from the company in 2002. Citigroup is the List of largest banks in the United States, third-largest banking institution in the United States by assets; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four (banking)#United States, Big Four banking institutions of the United States. It is considered a Systemically important financial institution, systemically important bank by the Financial Stability Board, and is commonly cited as being "too big to fail". It is one of the eight global investment banks in the Bulge Bracket. Citigroup is ranked 36th on the Fortune 500, ''Fortune'' 500, and was ranked #24 in Fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portmanteau
In linguistics, a blend—also known as a blend word, lexical blend, or portmanteau—is a word formed by combining the meanings, and parts of the sounds, of two or more words together.Garner's Modern American Usage p. 644. English examples include '' smog'', coined by blending ''smoke'' and ''fog'', and '''', from ''motor'' ('' motorist'') and ''hotel''. A blend is similar to a [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plutocracy
A plutocracy () or plutarchy is a society that is ruled or controlled by people of great wealth or income. The first known use of the term in English dates from 1631. Unlike most political systems, plutocracy is not rooted in any established political philosophy. Usage The term ''plutocracy'' is generally used as a pejorative to describe or warn against an undesirable condition. Throughout history, political thinkers and philosophers have condemned plutocrats for ignoring their social responsibilities, using their power to serve their own purposes and thereby increasing poverty and nurturing class conflict and corrupting societies with greed and hedonism. " Dollarocracy", an anglicised adaptation of the word "plutocracy", may refer to "a specifically American version of plutocracy". Examples Historic examples of plutocracies include the Roman Empire; some city-states in Ancient Greece; the civilization of Carthage; the Italian merchant city-states of Venice, Florence ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy
An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Malcolm Forbes Ludlow
John Malcolm Forbes Ludlow (8 March 1821 – 17 October 1911) was an English barrister and journalist. He led the Christian socialist movement and founded its newspaper of the same name. Biography He was born in Nimach, British India, where his father worked for the East India Company. He was educated at Merchant Taylors' School, and called to the bar in 1843. Ludlow was influenced by French socialism as he was educated in Paris. These influences include Henri de Saint-Simon's disciple Philippe Buchez's writings and the emergence of cooperative societies in France. In 1850, he founded and became editor of ''The Christian Socialist'' newspaper. He was also a co-founder of the Working Men's College. Most of his work focused on mission work to the poor in London. He promoted mutual cooperation via friendly societies. He was secretary to the royal commission on friendly societies from 1870 to 1874, and served as England's chief registrar of friendly societies from 1875 to 1891. H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Ruskin
John Ruskin (8 February 1819 20 January 1900) was an English polymath a writer, lecturer, art historian, art critic, draughtsman and philanthropist of the Victorian era. He wrote on subjects as varied as art, architecture, Critique of political economy, political economy, education, museology, geology, botany, ornithology, literature, history, and myth. Ruskin's writing styles and literary forms were equally varied. He wrote essays and treatises, poetry and lectures, travel guides and manuals, letters and even The King of the Golden River, a fairy tale. He also made detailed sketches and paintings of rocks, plants, birds, landscapes, architectural structures and ornamentation. The elaborate style that characterised his earliest writing on art gave way in time to plainer language designed to communicate his ideas more effectively. In all of his writing, he emphasised the connections between nature, art and society. Ruskin was hugely influential in the latter half of the 19th c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Piketty
Thomas Piketty (; born 7 May 1971) is a French economist who is a professor of economics at the School for Advanced Studies in the Social Sciences, associate chair at the Paris School of Economics (PSE) and Centennial Professor of Economics in the International Inequalities Institute at the London School of Economics (LSE). Piketty's work focuses on public economics, in particular income and wealth inequality. He is the author of the best-selling book '' Capital in the Twenty-First Century'' (2013), which emphasises the themes of his work on wealth concentrations and distribution over the past 250 years. The book argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, and that this will cause wealth inequality to increase in the future. Piketty proposes improving the education systems and considers diffusion of knowledge, diffusion of skills, diffusion of idea of productivity as the main mechanism that will l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital In The Twenty-First Century
''Capital in the Twenty-First Century'' () is a book written by French economist Thomas Piketty. It focuses on economic inequality, wealth and income inequality in Europe and the United States since the 18th century. It was first published in French (as ''Le Capital au XXIe siècle'') in August 2013; an English translation by Arthur Goldhammer followed in April 2014. The book's central thesis is that when the rate of return on capital (economics), capital (''r'') is greater than the rate of economic growth (''g'') over the long term, the result is wealth concentration, concentration of wealth, and this unequal distribution of wealth causes social and economic instability. Piketty proposes a global system of progressive tax, progressive wealth taxes to help reduce inequality and avoid the vast majority of wealth coming under the control of a tiny minority. At the end of 2014, Piketty released a paper where he stated that he does not consider the relationship between the rate of ret ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of America Merrill Lynch
BofA Securities, Inc., previously Bank of America Merrill Lynch (BAML), is an American multinational investment banking division under the auspices of Bank of America. It is not to be confused with Merrill, the stock brokerage and trading platform subsidiary of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch & Co. following the acquisition of the latter by the former in January 2009. History Bank of America completed the acquisition of Merrill Lynch & Co on January 1, 2009. Bank of America began rebranding all of its corporate and investment banking activities under the ''Bank of America Merrill Lynch'' name in September 2009. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rémy Cointreau
Rémy Cointreau is a French, family-owned business group specialized in the production and distribution of alcoholic beverages. The group's products include cognac (Rémy Martin, Louis XIII), triple sec ( Cointreau), the Greek spirit Metaxa, rum ( Mount Gay), brandy (St-Rémy), gin ( The Botanist) and whisky ( Bruichladdich, Port Charlotte, Westland, Domaine des Hautes Alpes). The group, whose origins date back to 1724, was formed in 1990 after the merger of Rémy Martin and Cointreau. Rémy Cointreau also owns the fragrance company Maison Psyché. History The cognac company Rémy Martin was created in 1724. It started international exports the following century and created the high-end cognac brand Louis XIII in 1874. Rémy Martin was bought in 1924 by André Renaud and launched the cognac brand VSOP Fine Champagne in 1927. In 1965, André Hériard Dubreuil (stepson of André Renaud) took over the direction of the company. He switched the group's focus on luxury brands, moder ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ultra High-net-worth Individual
Ultra may refer to: Science and technology * Ultra (cryptography), the codename for cryptographic intelligence obtained from signal traffic in World War II * Adobe Ultra, a vector-keying application * Sun Ultra series, a brand of computer workstations and servers * ULTRA (machine translation system), a machine translation system Music * Ultra (British band), an English pop band * Ultra Music Festival, an annual electronic festival in Miami, Florida * Ultra Worldwide, a series of annual electronic music festivals each called Ultra * Ultra, a collaboration between two members of hip hop group Ultramagnetic MCs, who released the album ''Big Time'' * Ultra (music), a post-punk movement in the Netherlands * Ultra house, a music place in Handen, Sweden * Ultra Records, a record label Albums and songs * ''Ultra'' (Depeche Mode album), 1997 * ''Ultra'' (Laura Põldvere album), 2009 * ''Ultra'' (Ultra album), 1999 * ''Ultra'' (Zomby album), 2016 * ''Ultra'', by Mickey Koja ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
