New Economics Podcast: Why asset managers personal the world
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This spring, swimmers in Kent had been instructed to keep away from ten seashores within the county resulting from sewage leaks. Public outrage at sewage pouring into our rivers and seashores has up to now targeted on water firms. However is another person guilty? The pipes that carry sewage in Kent are usually not owned by Southern Water, and even Kent County Council. They belong to an enormous Australian asset administration agency that the majority of us have by no means heard of.
Asset administration corporations are usually not family names, however they’ve come to personal our vitality methods, hospitals, colleges, and even the pipes that offer our consuming water. So who’re these shadowy firms? What even is asset administration? And why are they shopping for up the issues we have to hold our society going?
Ayeisha Thomas-Smith is joined by political economist and financial geographer Brett Christophers to debate his new guide Our Lives in Their Portfolios: Why Asset Managers Personal the World.
Seize a replica of Our Lives in Their Portfolios: Why Asset Managers Personal the World
Picture: iStock
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