9780593796085_

The forces behind an economic crisis in the making

A problem of twelve arises when a small number of institutions acquire the means to exert outsized influence over the politics and economy of a nation. The Big Three index funds of Vanguard, State Street, and BlackRock control more than twenty percent of the votes of S&P 500 companiesa concentration of power thats unprecedented in America.

Then theres the rise of private equity funds such as the Big Four of Apollo, Blackstone, Carlyle and KKR, which has amassed 2.7 trillion of assets, and are eroding the legitimacy and accountability of American capitalism, not by controlling public companies, but by taking them over entirely, and removing them from the governments regulation.

What can be done to check this level of power? Harvard law professor John Coates argues that only politics can fight the problem of twelve.

...(*_*)9780593796085_

The forces behind an economic crisis in the making

What can be done to check this level of power? Harvard law professor John Coates argues that only politics can fight the problem of twelve.

This audiobook edition includes a downloadable PDF that contains charts and illustrations from the book.

...

The Problem of Twelve

Comentarios