plutonomy
Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License
- noun An economy that is significantly influenced by the very wealthy.
- noun The study of the production and distribution of wealth.
from The Century Dictionary and Cyclopedia
- noun The science of wealth or riches.
Examples
-
Another surprising disclosure is an internal Citigroup memo that claims that the US doesn't have an economy, but a "plutonomy" -- an economy based primarily on spending by the very rich.
Jonathan Kim: ReThink Review: Capitalism: A Love Story -- A Must-See Subversion
-
Including the disaster capitalists who, in Naomi Klein's book, thought that they could own the world and simply jet away from all natural disasters to some well-appointed, "plutonomy" - friendly desert island.
-
Michael Moore's movie "Capitalism, A Love Story" brought attention to a concept known as "plutonomy," referring to economic growth that is powered and consumed entirely by the wealthy.
-
It’s called a plutonomy, where the economy is managed for the welfare of the rich.
Balloon Juice » Blog Archive » Ninety Days of Hell from Decades of Neglect
-
As a result the top 1% has more wealth than the bottom 95%, establishing what Reagan's flacks called a "plutonomy."
Note
The word 'plutonomy' is a blend of 'plutocracy' and 'economy', from Ancient Greek roots meaning "wealth" and "law".
