Power Play: How Just 12 People Control America’s Economic Destiny: A conversation with John Coates
Talk Cocktail
English - September 07, 2023 18:04 - 38 minutes - 89.2 MB - ★★★ - 5 ratingsNews Commentary News business entrepreneurship fitness interview leadership health entrepreneur finance marketing books Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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In this WhoWhatWhy podcast, I talk with Harvard Law Professor John Coates who discusses his new book, "The Problem of Twelve," which warns against the alarming concentration of financial power in the U.S. Four index funds control 25% of the S&P 500, and along with dominant private equity firms and "too big to fail" banks, they wield outsized influence over the economy and politics. Coates argues that this lack of transparency and extreme concentration of power threatens not just the economy, but U.S. democracy itself.
My conversation with John Coates: