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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Dan Panetti
Birmingham, US
★★★★★ 5
Look and feel awesome!
Size: 11.5, Color: Optic White/Opti
These are awesome shoes - look great really, really white and clean! Love how comfortable they are - and soooo light. I was a little worried they'd get dirty easily, but I've been able to keep them clean. Fit as expected. If you're looking for a great, comfortable, and affordable shoe, check these out!
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Reviewed in the United States on December 4, 2025
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Jeremy P
Draper, US
★★★★★ 5
Great shoe, comfort
Size: 11.5, Color: British Tan/Ivry
Love these shoes, they're super comfy. Laces stayed tied all day. I wear them in a business casual environment, or if I'm going out for a nice meal with my wife. They look good, the color is unassuming and neutral. they also elevate my height, I feel like it gives me an inch or so more versus regular shoes. This is my second pair!
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Reviewed in the United States on May 30, 2026
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marcial ciprian
Boise, US
★★★★★ 5
Good shoes
Size: 7, Color: British Tan/Ivry, Size: 7, Color: British Tan/Ivry
Look very nice these shoes, speally to go out to dinner with the family, are really light weight, great quelith, and great softness
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Reviewed in the United States on April 8, 2026
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Orande Daring
Pawtucket, US
★★★★★ 5
Nice Shoes
Size: 10.5, Color: British Tan/Ivry
Nice pair of shoes for my feet. Fits comfortably and nice cushion when walking. I would buy another pair.
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Reviewed in the United States on April 26, 2026
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MR. H.
Omaha, US
★★★★★ 5
Super comfortable!
Size: 9, Color: Navy Blazer/Ivor
Some of the most comfortable shoes that I've ever worn/walked in! Super light on my feet. Nice casual looking and comfortable shoe for a reasonable price. I already brought 3 pair.
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Reviewed in the United States on April 21, 2026

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