Our Lives in Their Portfolios: Why Asset Managers Own the World

All hail the new masters of Capitalism: How asset managers acquired the world Banks have taken a...
$45.18 AUD
$45.18 AUD
SKU: 9781839768996
Product Type: Books
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Author: Brett Christophers
Format: Paperback
Language: English
Subtotal: $45.18
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Our Lives in Their Portfolios: Why Asset Managers Own the World by Christophers, Brett

Our Lives in Their Portfolios: Why Asset Managers Own the World

$45.18

Our Lives in Their Portfolios: Why Asset Managers Own the World

$45.18
Author: Brett Christophers
Format: Paperback
Language: English
All hail the new masters of Capitalism: How asset managers acquired the world

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.

Author: Brett Christophers
Publisher: Verso
Published: 08/13/2024
Pages: 320
Binding Type: Paperback
Weight: 0.55lbs
Size: 7.70h x 5.00w x 0.90d
ISBN: 9781839768996

About the Author
A professor at Uppsala University in Sweden, Brett Christophers is the author of Rentier Capitalism and of The New Enclosure, which won the Isaac and Tamara Deutscher Memorial Prize.

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