SKU: 13112363404

The Problem of Twelve

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Description

The Problem of TwelveCondition: BRAND NEW ISBN: 9798987053546 Format: Trade paperback (US) Year: 2024 Publisher: Columbia Global Reports Description: 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

Condition: BRAND NEW
ISBN: 9798987053546
Format: Trade paperback (US)
Year: 2024
Publisher: Columbia Global Reports


Description:


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 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.

'A fascinating insight into a paradox at the heart of liberal democracies.' — Financial Times


'A powerful argument for thoroughly revising how the chief players in the financial world are regulated.' — Kirkus Reviews
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SKU: 13112363404

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Yilber espinoza
Louisville, US
★★★★★ 5
Queda perfecto
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Excelente material
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Reviewed in the United States on May 24, 2026
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TJ Singh
Cuba, US
★★★★★ 4
Not luxury at all
Color: Black, Color: Black
Not fascinating.. cheap china made look and feel.. in fact it hurt my wrist on corner where its sharp and upper button design is so sharp that it digs inside skin .. watch has non metallic band .. its not leather and looks like cheap synthetic rubber material and it has got wrinkles in just one use. Dial looks good. Tried under water on tap no water ingress . I am planning return and going for Fossil from store .. not buying online any more. Not recommended who looks for luxury watches.
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Reviewed in the United States on November 27, 2025
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Lake Worth, US
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Bonito
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Reviewed in the United States on March 21, 2026
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Edward
Fort Morgan, US
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Excelente
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Reviewed in the United States on December 9, 2025
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Alejandro Bogliotti
Whiting, US
★★★★★ 5
Reloj hermoso
Color: Silver-Black
Espectacular!
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Reviewed in the United States on March 1, 2026

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