Our Lives in Their Portfolios
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Krátky popis
Banks have taken a backseat since the global financial crisis over
a decade ago. Today, our new financial masters are asset managers,
like Blackstone and BlackRock. And they don't just own financial
assets.The roads we drive on, the pipes that supply our drinking
water, the farmland that provides our food, energy systems for
electricity and heat, hospitals, schools, and even the homes in
which many of us live-all now swell asset managers' bulging
investment portfolios. As the owners of more and more of the basic
building blocks of everyday life, asset managers shape the lives of
each and every one of us in profound and disturbing ways. In this
eye-opening follow-up to Rentier Capitalism, Brett Christophers
peels back the veil on ",",asset manager society.",",Asset
managers, he shows, are unlike traditional owners of housing and
other essential infrastructure.Buying and selling these
life-supporting assets at a dizzying pace, the crux of their
business model is not long-term investment and careful
custodianship but making quick profits for themselves and the
investors that back them. In asset manager society, the natural and
built environments that sustain us become one more vehicle for
siphoning money from the many to the few.
Výber kníh autorov
Verso Books ,
Brett Christophers
Zobraziť všetky knihy autora
Verso Books,
Brett Christophers
Výber kníh vydavateľa
Slovart
Zobraziť všetky knihy vydavateľa
Slovart
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