[estearum]

I said "cell division," not cancer.

Financialization, in this context, refers to the process by which financial results, especially those legible to capital markets, exert pressure on the upstream industrial/corporate processes and inputs that produce those financial results.

"Excessive" or "obscene" or "pathological" financialization is when that feedback loop or reverse pressure ends up producing negative impacts on industrial/corporate processes, often in pursuit of shorter term positive effects on the financial results.

The exact mechanisms of this have been extremely well-documented in the numerous reports created in the wake of the 737 MAX failures.

Could you try leveling a substantive response now instead of a chain of strawmen and associative "the vibes of the speaker are generally off" type dismissals?

[appreciatorBus]

Capital markets have existed for hundreds of years. They are not doing anything today that they were not doing in 1602.

I am familiar with the 737 MAX critique and I'm very comfortable saying that Boeing was sloppy and cut corners. I just don't think the decisions they faced and failed on are new. 300 years ago someone built someone a ship and cheaped out in some way and it sank. Call it cheating/lying/scamming if you like, but the word "financialization" does not help anyone understand what's going on.

[estearum]

No actually there was a pretty specific transition in American business culture to shareholder primacy in the 70s-80s with measurable behavior changes across corporate America, including executive incentive structures.

[inigyou]

In 1602 a capital market was where a group of 20 people would pool their money to start a new company to build a ship and go to India and steal some resources and then they would be paid out of those resources in proportion to the money they put in. Is that how they work today?