financialization

American  

[fi-nan-shuh-luh-zey-shuhn, fahy‐] / fɪˈnæn ʃə ləˈzeɪ ʃən, faɪ‐ /

noun

1. an increase in the role of financial institutions, markets, and executives in a nation’s economy, and its subsequent dominance over the traditional economics of industry and agriculture.

   The forces of modern financialization have become irresistible.

---

Other Word Forms

• financialize verb (used with or without object)

Etymology

Origin of financialization

First recorded in 1970–75; financial ( def. ) + -ization ( def. )

Example Sentences

“Film, TV, and popular music resisted financialization for a long time, in part because it’s a complicated business. And there are people who make a lot of money in some other business and go to Hollywood because, what a great way to spend your money and go to parties.”

From Barron's

Already, they say, gold ETFs have shifted the landscape, by accelerating financialization of gold.

From MarketWatch

This financialization of property led to a wave of speculation, evictions and displacements citywide as developers and landlords began to realize they could get more profit from their holdings.

From Los Angeles Times

Two years later he published “Bad Money,” which faulted what he called the “financialization” of the economy and came out within weeks of the market crash of September 2008.

From Seattle Times

As economist Joseph Brusuelas points out, since the 1950s the U.S. has seen “the growing economic importance of the service sector, the rise of the technology industry and the financialization of the broader American economy,” all factors in reducing the economic impact of an automotive stoppage.

From Los Angeles Times