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

by John Coates

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"