AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Asset Management Industry and Government Influence
This chapter explores the relationship between the asset management industry and the government, highlighting how major firms like BlackRock, State Street, and Vanguard use investors' funds to advance social and environmental goals. It discusses the government's control of pension funds and its influence on these firms, and argues for the need for competition in the market to combat crony capitalism.