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

Welcome to the world of financialization, in which profit is made through fees, stock buybacks, complex derivatives, and the like rather than through investment in production and services.

From Barron's

Investment banking evolved from financing industrial growth to financialization, consistently facing allegations of profiteering.

From Barron's

“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