Because the Rich and Powerful Don't Already Have a High Enough Opinion of Themselves

From some leaked memos from Citigroup:

We project that the plutonomies (the U.S., UK, and Canada) will likely see even more income inequality, disproportionately feeding off a further rise in the profit share in their economies, capitalist-friendly governments, more technology-driven productivity, and globalization… Since we think the plutonomy is here, is going to get stronger… It is a good time to switch out of stocks that sell to the masses and back to the plutonomy basket.

Depressing.  

I can see why Citigroup would pay millions to keep this under-wraps; this reads like a parody of Scrooge McDuck's evil accountant.  Not good for attracting private, low profile, rich investors.

It seems awfully limited in prognosis.  It seems to implicitly assume that what a world run by neo-feudal, capitalist states would be best for everyone, or at least everyone that matters.  Obviously no one knows the future, but our current system of technological upheaval is based, in large part, on the promise that people can and do make a decent living through invention and have the chance of striking it rich.  I suppose inequality doesn't necessarily defeat this scenario, but it does make it harder for the natural talent and ambition to eke it's way into competition with immensely substandard education, resources and support.  

But I suppose they weren't writing those memos to advise people on how to run society, so much as to flatter rich people and make them feel important, so that they will continue to pay them idiotic amounts of money for stock tips.