The contradictions of pension fund capitalism / edited by Kevin Skerrett, Johanna Weststar, Simon Archer, Chris Roberts.

Format:

Book

Contributor:

Skerrett, Kevin, editor.

Weststar, Johanna, editor.

Archer, Simon (Lawyer), editor.

Roberts, Chris, 1969- editor.

Series:

Labor and Employment Relations Association series

Language:

English

Subjects (All):

Pension trusts--Investments.

Pension trusts.

Pension trusts--Social aspects.

Financialization.

Pension trusts--Economic aspects.

Genre:

Cross-cultural studies.

Physical Description:

vi, 282 pages : illustrations ; 22 cm.

Edition:

First edition.

Place of Publication:

Champaign, IL : Labor and Employment Research Association, [2017]

Summary:

"It is often hoped and assumed that union stewardship of pension investments will produce tangible and enduring benefits for workers and their communities while minimizing the negative effects of what are now global and intensely competitive capital markets. At the core of this book is a desire to question the proposition that workers and their organizations can exert meaningful control over pension funds in the context of current financial markets. The Contradictions of Pension Fund Capitalism is an engaging and readable text that will be of specific interest to members of the labor movement, pension activists, pension trustees, fund administrators, environmental activists, and employers/managers, as well as academics involved in pension or labor research. The contents and arguments of the book are applicable across the United States, Canada, the United Kingdom, Australia, New Zealand, and Ireland, because these countries experience a similar macroeconomic context and face a similar pension landscape."-- Publisher's website.

Contents:

Introduction The contradictions of pension fund capitalism / Kevin Skerrett, Johanna Weststar, Simon Archer, and Chris Roberts

Chapter 1 Financialization, labor, and pensions : the UK experience / Andrew Pendleton and Howard Gospel

Chapter 2 The labor consequences of financializing pensions / Teresa Ghilarducci and Amanda Novello

Chapter 3 Financialization and the stewardship of workers' capital in Australia / Bernard Mees

Chapter 4 The financial responsibilities of our grandparents : toward a political economy of pension restructuring / Dick Bryan and Mike Rafferty

Chapter 5 Politics as a market force : ESG investing and the class politics of financial flows / Michael A. McCarthy

Chapter 6 Canada's public pension funds : the new "Masters of the (neoliberal) universe" / Kevin Skerrett

Chapter 7 Fiduciary law, ESG, and financialization / Simon Archer

Chapter 8 Protector or activist? : consistency and contradiction in labor's voice on pension boards / Johanna Weststar and Anil Verma

Chapter 9 Critical perspectives from the field of pension fund education / Johanna Weststar

Chapter 10 Stakeholder capitalism, corporate organization, and class power / Stephen Maher

Chapter 11 The failure of Canada's financialized pension system : an alternative proposal for retirement with dignity / Kevin Skerrett and Sam Gindin.

Notes:

Includes bibliographical references.

ISBN:

9780913447147

0913447145

OCLC:

985074500