Has the American economy turned into a “plutonomy”? In 2005, three Citigroup analysts — Ajay Kapur, Niall MacLeod and Narendra Singh — answered yes. They explained: “Plutonomies have occurred before ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Robert Kelly is managing director of ...

Cambridge, MA – The Occupy movement has been an extremely exciting development. Unprecedented, in fact. There’s never been anything like it that I can think of. If the bonds and associations it has ...

We are closing in on the 20th anniversary of one of the most revealing pieces of bank analyst research in recent American history. On October 16, 2005, Citigroup released an “industry note” for ...

The capitalist mode of production represents a radical break from traditional methods of organising economic activity. Because it has taken extremely diverse forms and evolved in complex ways over ...

A few years before the financial crisis, Ajay Kapur started advising investors to bet on the rich. He now says it may be time to unwind that trade. In the mid-2000s, Kapur and his then-colleagues at ...

This article appears in the December 2025 issue of The American Prospect magazine. Subscribe here. We are living in a new Gilded Age. The first, from roughly 1870 to 1890, was marked by dramatic ...

On the history of the US economy in decline. By signing up, you confirm that you are over the age of 16 and agree to receive occasional promotional offers for ...

Russia's new -business elite will join -celebrities including supermodel Jerry Hall, designer Stella McCartney and Mohamed Al Fayed, the owner of Harrods, at the Old Billingsgate Market in the City of ...

Reihan thinks that Apple's days as the largest tech company are numbered. But that depends on Steve Jobs' keeling over. Meanwhile - wheeee: The rise of Apple illustrates a number of social trends.