Christophers, Brett
Our Lives in Their Portfolios: Why Asset Managers Own the World
- ISBN 13:
- 9781839768989
- author:
- Christophers, Brett
- format:
- Hardback
- publisher:
- Verso Books
- language:
- English
- Publication Year:
- 2023
- Pages:
- 320
- Dimensions:
- 24.1 x 16.2 x 2.5 centimetres (0
- Genre:
- Business, Economics, Theory,
- Condition:
- New
- Availability:
- Item usually sent within 6 working days
Description
Asset managers have become the new masters of capitalism, acquiring a vast array of essential assets that underpin our daily lives. The roads we drive on, the water we drink from, the food we eat, and even the homes we live in are now part of their investment portfolios. This shift has profound implications for our lives, as asset managers shape the world around us in ways that are both subtle and far-reaching. Unlike traditional owners of housing and other essential infrastructure, asset managers' business model is focused on making quick profits rather than long-term investment and careful custodianship. This approach has led to a rapid turnover of assets, with the natural and built environments that sustain us becoming increasingly vulnerable to the whims of the market. In "Our Lives in Their Portfolios", Brett Christophers explores the consequences of this "asset manager society" and how it affects us all.
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