See also: Citigroup's plutonomy thesis[1] from 2006 tldr: the formal economy will shift to serving plutocrats instead of consumers, it's much more profitable t

See also: Citigroup's plutonomy thesis[1] from 2006 tldr: the formal economy will shift to serving plutocrats instead of consumers, it's much more profitable to do so and there are diminishing returns serving the latter [1] https://www.sourcewatch.org/images/b/bc/CITIGROUP-MARCH-5-2006-PLUTONOMY-MEMO_.pdf https://www.sourcewatch.org/images/b/bc/CITIGROUP-MARCH-5-20...