Description: Asset managers--especially private equity houses and index investors--are important yet overlooked drivers of the monopoly problem plaguing the US. Critiquing the relationship between market power and the financial sector, Andrew McLean proposes bold reforms to antitrust and antimonopoly policy to challenge finance-led consolidation.
Brief description: Andrew P. McLean is Lecturer of Law and Political Economy at the University of Edinburgh.
Review Quotes: Essential reading for anyone looking to understand how finance built monopoly capitalism. Antitrust and the Age of Asset Management reveals a path forward for meaningful restraint of finance-led corporate power.--Michelle Meagher, author of Competition Is Killing Us