{"product_id":"the-problem-of-twelve-when-a-few-financial-institutions-control-everything-columbia-global-reports","title":"The Problem of Twelve: When a Few Financial Institutions Control Everything (Columbia Global Reports)","description":"The forces behind an economic and political crisis in the making\n\nA “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.\n\nThe Big Four index funds of Vanguard, State Street, Fidelity, and BlackRock control more than twenty percent of the votes of S\u0026amp;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.\n\nThis 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.\u003cbr\u003eASIN: B0BW67PX7B\u003cbr\u003eVSKU: DBV.B0BW67PX7B.G\u003cbr\u003eCondition: Good\u003cbr\u003eAuthor\/Artist:Coates, John\u003cbr\u003eBinding: Paperback\u003cbr\u003e\u003cb\u003eNote:\u003c\/b\u003e Any images shown are stock photographs and product may differ from what is shown.  \u003cbr\u003e\u003cb\u003eCondition Notes\u003c\/b\u003e: Gently used with minimal wear on the corners and cover. A few pages may contain light highlighting or writing, but the text remains fully legible. Dust jacket may be missing, and supplemental materials like CDs or codes may not be included. May be ex-library with library markings. Ships promptly!  \u003cbr\u003e","brand":"Dream Books Co.","offers":[{"title":"Default Title","offer_id":41500010315834,"sku":"DBV.B0BW67PX7B.G","price":7.29,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/6011\/0138\/files\/B0BW67PX7B-0.jpg?v=1783050089","url":"https:\/\/shop.dreambooksco.com\/products\/the-problem-of-twelve-when-a-few-financial-institutions-control-everything-columbia-global-reports","provider":"Dream Books Co.","version":"1.0","type":"link"}