The problem of twelve: when a few financial institutions control everything
"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&...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York, NY
Columbia Global Reports
[2023]
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| Schlagworte: | |
| Zusammenfassung: | "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." -- Back cover "A "problem of twelve" arises when a small number of actors acquire the means to exert outsized influence over the politics and economy of a nation"-- |
| Beschreibung: | 188 Seiten Illustrationen, Karten 19 cm |
| ISBN: | 9798987053546 |
Internformat
MARC
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| 100 | 1 | |a Coates, John |d 1948- |e Verfasser |0 (DE-588)1188436511 |4 aut | |
| 245 | 1 | 0 | |a The problem of twelve |b when a few financial institutions control everything |c John Coates |
| 246 | 1 | 3 | |a The problem of 12 |
| 264 | 1 | |a New York, NY |b Columbia Global Reports |c [2023] | |
| 264 | 4 | |c © 2023 | |
| 300 | |a 188 Seiten |b Illustrationen, Karten |c 19 cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
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| 505 | 8 | |a Introduction -- What came before: The twentieth century's public company -- The rise of index funds and the problem of twelve -- The rise of private equity -- The politics and political risks of the problem of twelve (so far) -- What can be done? -- Conclusion | |
| 520 | 3 | |a "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." -- Back cover | |
| 520 | 3 | |a "A "problem of twelve" arises when a small number of actors acquire the means to exert outsized influence over the politics and economy of a nation"-- | |
| 653 | 0 | |a Financial institutions | |
| 653 | 0 | |a Index mutual funds | |
| 653 | 0 | |a Private equity | |
| 653 | 0 | |a Institutions financières | |
| 653 | 0 | |a Fonds indiciels | |
| 653 | 0 | |a Capital-investissement | |
| 653 | 0 | |a financial institutions (institutions) | |
| 653 | 0 | |a BUSINESS & ECONOMICS / Economics / General | |
| 653 | 0 | |a Financial institutions | |
| 653 | 0 | |a Index mutual funds | |
| 653 | 0 | |a Private equity | |
| 776 | 0 | 8 | |i Erscheint auch als |a Coates, John |t Problem of twelve |d New York, NY : Columbia Global Reports, [2023] |z 979-8-9870535-5-3 |w (DE-604)BV049408826 |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-034841917 | ||
Datensatz im Suchindex
| _version_ | 1804186300064989184 |
|---|---|
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Coates, John 1948- |
| author_GND | (DE-588)1188436511 |
| author_facet | Coates, John 1948- |
| author_role | aut |
| author_sort | Coates, John 1948- |
| author_variant | j c jc |
| building | Verbundindex |
| bvnumber | BV049496697 |
| classification_rvk | QK 651 |
| contents | Introduction -- What came before: The twentieth century's public company -- The rise of index funds and the problem of twelve -- The rise of private equity -- The politics and political risks of the problem of twelve (so far) -- What can be done? -- Conclusion |
| ctrlnum | (OCoLC)1401223815 (DE-599)BVBBV049496697 |
| dewey-full | 332.06 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.06 |
| dewey-search | 332.06 |
| dewey-sort | 3332.06 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Book |
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| id | DE-604.BV049496697 |
| illustrated | Illustrated |
| index_date | 2024-07-03T23:20:32Z |
| indexdate | 2024-07-10T10:08:56Z |
| institution | BVB |
| isbn | 9798987053546 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034841917 |
| oclc_num | 1401223815 |
| open_access_boolean | |
| owner | DE-188 DE-11 |
| owner_facet | DE-188 DE-11 |
| physical | 188 Seiten Illustrationen, Karten 19 cm |
| publishDate | 2023 |
| publishDateSearch | 2023 |
| publishDateSort | 2023 |
| publisher | Columbia Global Reports |
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| spelling | Coates, John 1948- Verfasser (DE-588)1188436511 aut The problem of twelve when a few financial institutions control everything John Coates The problem of 12 New York, NY Columbia Global Reports [2023] © 2023 188 Seiten Illustrationen, Karten 19 cm txt rdacontent n rdamedia nc rdacarrier Introduction -- What came before: The twentieth century's public company -- The rise of index funds and the problem of twelve -- The rise of private equity -- The politics and political risks of the problem of twelve (so far) -- What can be done? -- Conclusion "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." -- Back cover "A "problem of twelve" arises when a small number of actors acquire the means to exert outsized influence over the politics and economy of a nation"-- Financial institutions Index mutual funds Private equity Institutions financières Fonds indiciels Capital-investissement financial institutions (institutions) BUSINESS & ECONOMICS / Economics / General Erscheint auch als Coates, John Problem of twelve New York, NY : Columbia Global Reports, [2023] 979-8-9870535-5-3 (DE-604)BV049408826 |
| spellingShingle | Coates, John 1948- The problem of twelve when a few financial institutions control everything Introduction -- What came before: The twentieth century's public company -- The rise of index funds and the problem of twelve -- The rise of private equity -- The politics and political risks of the problem of twelve (so far) -- What can be done? -- Conclusion |
| title | The problem of twelve when a few financial institutions control everything |
| title_alt | The problem of 12 |
| title_auth | The problem of twelve when a few financial institutions control everything |
| title_exact_search | The problem of twelve when a few financial institutions control everything |
| title_exact_search_txtP | The problem of twelve when a few financial institutions control everything |
| title_full | The problem of twelve when a few financial institutions control everything John Coates |
| title_fullStr | The problem of twelve when a few financial institutions control everything John Coates |
| title_full_unstemmed | The problem of twelve when a few financial institutions control everything John Coates |
| title_short | The problem of twelve |
| title_sort | the problem of twelve when a few financial institutions control everything |
| title_sub | when a few financial institutions control everything |
| work_keys_str_mv | AT coatesjohn theproblemoftwelvewhenafewfinancialinstitutionscontroleverything AT coatesjohn theproblemof12 |