June 10, 2020 | In Germany and beyond, public policy in response to the Corona crisis operates with an unspoken basic assumption: the claims of capital are sacred. This is unfair and economically unreasonable.
June 2, 2020 | A few months ago, Werner Rügemer’s intriguing typology of the financial players dominating capitalism in the 21. century was published in an English translation. With kind permission of the author I am publishing a longish teaser from “The Capitalists of the 21st Century”.
February 9, 2020 | If the trend of the last two decades continues, index funds could control 40 percent of the voting rights in the largest corporations by 2040.The share is already up to 25 percent in the US. There a two perspectives on this. Some scholars say it threatens shareholder value, others fear it will lead to too much of it. I side with the latter. …
Jens Berger, editor of the popular progressive German Website “NachDenkSeiten”, has just published an eye-opening book on the power of the three asset management giants BlackRock, Vanguard and State Street (in German). I have obtained permission to publish the first chapter as an appetizer, which translates as “Breakfeast with BlackRock & Co.”….