Friday, July 1, 2016

Plutonomy Ignoring Middle Class Pain Is Big Mistake: BAML

BAML: "Middle and lower-middle income families have not benefited from global growth in the past two decades"

Plutonomy — economics that exclusively benefit the very wealthiest in a society — is a problem that could destroy the developed world from within. The problem is, the plutonomists are not paying attention, a Bank of America Merrill Lynch report says. BAML: “Middle and lower-middle income families have not benefited from global growth in the past…


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