[tokioyoyo]

Financialization of everything is so funny to me, because even I, who is extremely stupid when it comes to big money stuff, can see not having state capacity on important stuff is insane. By that, I mean hard resources, materials, THINGS.

[pas]

cost-benefit analysis of things is important, eventually putting a number on things (services, risks, infrastructure, stock and flows, health, life, wellbeing, noise, air quality, aesthetics, user experience, fairness, and so on ...)

of course outright securitization, privatization, and other types of not-quite-unintentional ways of responsibility diffusion also should be put to the aforementioned analysis.

(there's, after all, now a (new) label for economically sound, responsible, sustainable, human-centered stewardship: state capacity libertarianism - https://marginalrevolution.com/marginalrevolution/2020/01/wh... because neoliberal became a swearword)