What does the word plutonomy mean?
5
-
5Why don't you just look it up? – user4727 Apr 28 '11 at 8:07
-
@Tim It is a strange question from man from Sweden. I want that people just think about it. In Russian "plut" means "swindler". Have I answered your question? – igor Apr 28 '11 at 10:18
4
here's one definition:
The science of wealth or riches.
or
The study of the production and distribution of wealth
and an example from Progressive Bloggers:
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.
Here's an 1854 excerpt from the Christian Remembrancer Volumes 27-28 page 459:
Mr. Ludlow who is an uncompromising advocate of the rights of labor, observes: 'So longe, therefore, as your competitive plutonomy confines itself to its scientific field, to its dead subject-matter of wealth, we socialists have to listen to it and learn from it
There's also a good definition and infographic about plutonomy in pages 231-232 of George L. Fouke's Damn The Warocracy:
hope this helps! :)
7
It is a neologism suggesting an economy driven by or for the wealthiest (from the Greek ploutos meaning wealth).
This suggests it was invented by a Deutsche Bank analyst. This prefers Citigroup.
-
2
-
4It does, but here the ending comes from oikonomia meaning household administration. If the intended meaning had been laws by and for the wealthy, then the word would be plutocracy, using kratos (power). – Henry Apr 28 '11 at 0:55
-
Right, vogue words are often malformations. Incidentally, I don't find these descriptions of what the word was supposed to mean to be very different from plutocracy, which is broad enough in itself. – Cerberus Apr 28 '11 at 1:54
