Placeholder text

Go to cart

The Problem of Twelve

By John Coates

The Problem of Twelve Business, Finance & Career

The Problem of Twelve

Only 1 item left in stock
Description
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. This quiet accumulation in the last few decades represents a dramatic transformation in how the American economy operates—a sea change that few of us have noticed and all of us need to consider. Harvard law professor John Coates forcefully calls our attention to what is sure to be one of the major political and economic issues of our time.
Product details
Binding:
Paperback
Number of Pages:
192
Release Date:
2023-08-15
Publication Date:
2023-09-21
Publisher:
Columbia Global Reports
Languages:
Original: English
ISBN13:
9798987053546
Weight:
222 g
Height:
124 cm
Width:
188 cm
Thickness:
16 cm
Buy on Amazon

Condition

Show more

Show less
Very good
Almost no signs of wear. Book pages have no markings, accessories are intact and all other media are in good condition.
Available immediately
€11,59

Incl. VAT, plus shipping costs

PayPal
Visa
Mastercard
American Express
Only 1 item left in stock

Verified second-hand article

Verified second-hand item

Free shipping from 19€

€11,59