The Salient Features of Plutonomy

Abstract

In the emerging world order under plutonomy, we may have to use a different method of analysis to understand it clearly. The structure of plutonomy is different from the class order of the pre-globalization periods. The class antagonism in plutonomy is different from that of the pre-globalization periods, where it was between bourgeoisie versus proletariat. But in plutonomy the parameters of class structure have changed. We need to understand those factors well to understand the current system better. The plutocratic system of today is obliterating the middle class by making them irrelevant, which is antithetical to develop a prosperous social order, working for eveyone.