One question posed to a high-profile newsmaker, followed up with lively debate. Anne McElvoy hosts The Economist's chat show. Published every Thursday by Economist Podcasts. Hosted on Acast. See acast.com/privacy for more information.
Manage episode 340427614 series 19411
In this brief podcast, Mark Anderson expounds on the concerns of 19 American Attorneys General (chief law officers of states) who wrote to BlackRock CEO Larry Fink over concerns that the world's top index-fund management companies are becoming too powerful and engineering the world according to a a global agenda and not for the best possible investment returns for US pensions. Out of this analysis emerges serious concerns that "Twelve Emperors"—funds including BlackRock, State Street and Vanguard—could soon rule the world in several key ways, as warned of by Harvard's John Coates and even the Financial Times. Read the write-up at: https://www.ukcolumn.org/article/19-us-attorneys-general-fed-up-with-blackrocks-brazen-efforts-to-function-as-a-private