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The Problem of Twelve: When a Few Financial Institutions Control Everything -- John Coates, Paperback Tristram Coffin one-pot or one-pan dishesThe forces behind an economic and political crisis in the making A "problem of twelve" arises when a small number of institutions acquire the means to exert outsized influence over the politics and economy of a nation. The Big Four index funds of Vanguard, State Street, Fidelity, and BlackRock control more than twenty percent of the votes of S&P 500 companies a concentration of power that's unprecedented in America. Then there's the rise of private
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