EPISODE · Aug 18, 2023 · 50 MIN
408: John Coates | Financial Institutions That Control In “The Problem Of Twelve”
from The Armen Show · host Armen Shirvanian
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 […]
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408: John Coates | Financial Institutions That Control In “The Problem Of Twelve”
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