Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Problem of Twelve: When a Few Financial Institutions Control Everything

The Problem of Twelve: When a Few Financial Institutions Control Everything

Coates, John

Paperback

Business GeneralInvesting & Finance

Publisher Price: $17.00

ISBN13: 9798987053546
Publisher: Columbia Global Reports
Published: Aug 15 2023
Pages: 190
Weight: 0.45
Height: 0.70 Width: 4.90 Depth: 7.30
Language: English
The forces behind an economic and political 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 Four index funds of Vanguard, State Street, Fidelity, and BlackRock control more than twenty percent of the votes of S&P 500 companies-a concentration of power that's unprecedented in America. Then there's 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 public discourse and public scrutiny.


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