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 Words From

• fi·nan·cial·ize verb (used with or without object) financialized financializing

Word History and Origins

Origin of financialization¹

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

Example Sentences

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.

From Los Angeles Times

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

From Salon

President Bill Clinton, for example, supported the North American Free Trade Agreement and China’s entry into the World Trade Organization, which undermined American manufacturing; the administration also endorsed the Banking Act of 1999, which accelerated the financialization of the American economy.

From Seattle 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 Washington 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