A Plutonomy, You Say?

Pingree's Potato Patch
Studying the Economics of Detroit

An heretofore unknown to me blogger by the name of Jodi Dean recently posted a pair of heretofore unknown to me documents cited in Michael Moore's hertofore unseen by me newest documentary Capitalism: A Love Story. The docs in question (available on Jodi's blog here and here lay out an analysis of the consequences to a macroeconomy of a large and growing portion of it being determined by the choices of its wealthiest participants. Naked Capitalism (to whom I was pointed by Brad Delong has some commentary on these, but I've yet to read them; I just wanted to share. Once I've read them I may have something to say...

Categories: Blog, Concentration, FinancialCrisis