[TheOtherHobbes]

Any industry or economic activity where extractive financialisation takes priority over productive economic activity that delivers human value.

Example: the UK's privatisation of water utilities. The UK's water now exist to turn government handouts into dividends while providing as little practical value as possible.

This is not hyperbole. The industry literally dumps shit in the UK's rivers to save operating expenses, and has built zero new reservoirs since privatisation.