financialization

[fi-nan-shuh-luh-zey-shuhn, fahy‐]

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)

Word History and Origins

Origin of financialization¹

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

Example Sentences

Democrats are not without blame for this, given that they helped to advance the neoliberal gangster capitalist economic regime of globalization, outsourcing, the financialization of everyday life and society, and a state of permanent economic precarity for the average American — specifically those who do not belong to the moneyed classes.

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They have each advanced a neoliberal gangster capitalist regime that has seen the financialization of almost every aspect of American life; a decline in intergenerational mobility and real wages; and a regime of globalization.

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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.

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Technology blogger Ed Zitron properly tied the disaster to the financialization of Big Business generally, in which pumping ever higher profits to shareholders becomes a higher priority than ensuring that one’s products meet quality standards.

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The massive financialization and deindustrialization of the economy that has transformed the country followed the Republican blueprint to the letter.

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