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b'Premium \\u2013 57. The Arbiters of Asset Allocation\\nWe pick back up on our discussion of market indices and index providers, honing in on the close relationship they have with asset managers, how they exercise private authority by setting standards for corporate governance and evaluating the worthiness of \\u201cemerging markets,\\u201d and the need to reckon with the authority these kingmakers of finance\\u2014these arbiters of asset allocation\\u2014have in the world today. Who gave them this great power? Not me! Not you! And yet, here they are, with the ability to wave a wand, change a classification, and magically, instantly, automatically make billions of dollars move from one place to another.\\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)'