Overview

"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 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 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. 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."

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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. Mike Cooper is a British voice talent who left big-city life in London for a log cabin in the Blue Ridge Mountains of North Carolina. Mike is recognizable from his years with the BBC World Service, and as the narrator of countless television documentaries. A disruptive influence in school, Mike's first break in narration came at age six, when his teacher realized he could tell the afternoon story better than her (and she could get a nap by way of a bonus). When he's not in his home studio, you'll find him enjoying hobby farm life and tending to two charming pet goats, named Baxter and Hazel.

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