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b'This week\\u2019s episodes are part of our ongoing, irregular series where we dive into the deepest, darkest crevices of how financial and technological capital operates today. In a sequel to our episodes on index funds and asset managers \\u2014 the big three of BlackRock, Vanguard, and State Street \\u2014 we examine the other side of this unholy marriage: market indices and index providers. If the index funds are like the treasury of global capitalism, holding and managing trillions in assets, then the index providers are like the executive branch: making decisions that directly and automatically cause mass movements in capital investment. We build on a fantastic new paper (ref below) investigating the private authority of this largely ignored industry to \\u201csteer capital.\\u201d As political economists, we are only just now starting to recognize, let alone reckon with, the power that index providers possess in contemporary financial capitalism \\u2014 an industry that is weirdly coincidentally also concentrated in just just three firms: S&P Dow Jones, FTSE Russell, and MSCI. \\n\\nArticle we discuss:\\n\\u2022 Steering capital: the growing private authority of index providers in the age of passive asset management | Johannes Petry, Jan Fichtner, Eelke Heemskerk | Review of International Political Economy: https://www.tandfonline.com/doi/full/10.1080/09692290.2019.1699147 \\n\\nSubscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills \\n\\nTMK shirts are now available here: https://www.bonfire.com/mech-luddite/ \\n\\nHosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)'