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What is plutonomy?(ECONOMICS) economies in which consumption by the very rich is what drives most growth: Bulgari watches, Maybach limousines, Gulfstream V business jets, vacations in the Maldives, Dolce & Gabbana suits, private security services, money laundering, and income tax evasion. The US., UK, and Canada are the key Plutonomies - economies powered by the wealthy. Continental Europe (excluding Italy) and Japan are in the egalitarian bloc. plutonomy - video |
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