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

by John Coates

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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...

Format:Paperback

Language:English

ISBN:B0BW67PX7B

ISBN13:9798987053546

Release Date:August 2023

Publisher:Columbia Global Reports

Length:190 Pages

Weight:0.45 lbs.

Dimensions:0.7" x 4.9" x 7.3"

Related Subjects

Business Business & Investing

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

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