financialization

[ fi-nan-shuh-luh-zey-shuhn, fahy‐ ]

noun

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.

Origin of financialization

First recorded in 1970–75; financial + -ization

fi·nan·cial·ize, verb (used with or without object), fi·nan·cial·ized, fi·nan·cial·iz·ing.

This restructuring and financialization would restore the competitiveness of American business and generate spectacular returns for investors.
From commerce to chaos: An economic history of the United States | Steven Pearlstein | June 4, 2021 | Washington Post
The fact that the stock market is booming is because of the financialization of our goods- and services-producing companies, not because the real economy is doing so well.
Why stocks soared while America struggled | Emily Stewart | May 7, 2021 | Vox
There is also a more profound risk to financialization, with water as the ultimate example.
Money should flow like water … but should water be like money? | dzanemorris | December 9, 2020 | Fortune

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