Meaning of plutonomy | Babel Free

Definitions

The study of the production and distribution of wealth, or a society seen as dominated by such concerns.

countable, derogatory, sometimes, uncountable

Examples

“On this side it [Socialism] is a crude compromise between the claims of labour and of capital — the hybrid child of Plutonomy and Communism.”

“The [Citigroup] analysts argued that the United States was evolving into a “plutonomy”—a top-heavy economic system where growth is driven primarily by a tiny, prosperous elite who consume an ever larger fraction of everything the economy produces.”

“Since his [Ajay Kapur's] very first paper in 2005—and he has kept publishing them, through a series of different employers—he has highlighted the fact that, in its essence, plutonomy is about inequality.”

CEFR level