David Peetz: The Role of Finance Capital in Ownership Concentration, Inequality and Climate Change

MAR 28, 2019 | 4:30 PM TO 6:30 PM



The Graduate Center
365 Fifth Avenue




March 28, 2019: 4:30 PM-6:30 PM





Advanced Research Collaborative (ARC)


This presentation makes use of data synthesised from the Bureau van Dyk (which contains information from around 100 sources and covers over 60 million listed companies around the world), to estimate the nature and form of ownership of very large corporations globally, and in selected countries including the USA. Questions to be addressed include:

  • to what extent does finance capital control the ownership of large corporations, through what mechanisms, and how does this vary between some leading countries?
  • has the concentration of ownership increased in recent periods?
  • what are the implications for inequality?
  • how does the ownership of large firms relate to action (or inaction) on climate change, and what are the implications for future action in this area?

David Peetz is Professor of Employment Relations at Griffith University, in the Centre for Work, Organisation and Wellbeing. He previously worked at the Australian National University and in the then Australian Department of Industrial Relations, spending over five years as a manager in its Senior Executive Service. He has undertaken work for unions, employers, the International Labor Organisation and governments of both political persuasions in and outside of Australia, including a recent statutory report to the Queensland Minister on the operation of the workers compensation scheme. He is on the Board of The Union Education Foundation and has written on union training, membership and delegates, working time, workplace relations practice, policy and law, individualism and collectivism, gender, sustainability, finance, and many other topics.  He is the author of Unions in a Contrary World (Cambridge University Press, 1998) and Brave New Workplace (Allen & Unwin, 2006) and co-author of Women of the Coal Rushes (UNSW Press, 2010) and many chapters in Women, Work and Regulation: Varieties of Gender Gaps, as well as numerous academic articles, papers and reports.  His current research includes investigations of the future of work, digital human technology, and the harassment of scientists.