Macro Musings with David Beckworth John Coates on *The Problem of Twelve: When a Few Financial Institutions Control Everything*
Aug 28, 2023
John Coates, professor of law and economics, discusses his book 'The Problem of Twelve: When a Few Financial Institutions Control Everything' on Macro Musings. They explore the rise of index funds and private equity, their impact on corporate governance, concerns with collusion and conflicts of interest, the influence on capitalism and markets, size and listings on stock exchanges, and potential solutions to the issue of concentrated financial institution control.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 2min
The Rise of Index Funds and Private Equity in Corporate Governance
02:00 • 33min
Networking Events, Engagements, and the Influence of Financial Institutions
34:42 • 4min
The Impact of Index Funds on Capitalism and Markets
38:14 • 12min
Size, Listings, Tax Advantages, and Political Changes in the Financial Industry
50:43 • 2min
The Influence of Financial Institutions on Corporate America
52:35 • 6min
Managing the Problem: Suggestions for Addressing Few Financial Institutions' Control
58:45 • 3min