financialization
/fʌɪˌnanʃl̩ʌɪˈzeɪʃn̩/
financialization means conversion of intangible value into financial instruments.
financialization is pronounced /fʌɪˌnanʃl̩ʌɪˈzeɪʃn̩/.
Why “financialization” is a great word
The process of converting intangible value or economic activities into tradable financial instruments, or the increasing dominance of financial actors, markets, and motives in the economy. From 'financialize' (to make financial) + the noun-forming suffix '-ation', first attested in 1909. Unlike securitization—a narrow technical act of bundling assets into securities—or monetization—the simpler conversion into revenue—financialization describes a wholesale cultural and systemic shift. It is the alchemy that turns a mortgage into a collateralized debt obligation, a student's promise into an asset-backed security, and the very risk of failure into a dizzying array of derivatives—the quiet colonization of ordinary life by the logic of speculation, until the weather itself seems to exist only as a position to be hedged.
Etymology
From financialize + -ation.
noun
- Conversion of intangible value into financial instruments.
- The act of making, or treating as, financial; bringing something into the sphere of finance.
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