Assetization supersedes commodification and marketization as the key analysis of financialized capitalism.

Evidence

Indeed, centring analytical attention on processes of asset making, the concept of ‘assetization’ explicitly invites analyses of the complex and contingent processes that constitute financial investment as a more-or-less distinct and distinctive form of economization (Birch, 2017; Muniesa, 2017; Muniesa et al., 2017; Ouma, 2016). Assetization is thereby an alternative to concepts of commodification and marketization that, deployed to understand the making of financial economies, arguably lead to an over-emphasis on secondary exchange and speculative trading on prices. Processes of assetization are inseparable from ‘capitalization’ as ‘a technique for prospective valuation’ (Muniesa et al., 2017: 12; Nitzan & Bichler, 2009: 8), wherein, from the perspective of investors (rather than traders), ‘financial value amounts to a future return anticipated through a calculation of the cost of capital rather than to a “price” given to the asset on the market’ (Muniesa, 2017: 449). — Paul Langley, Assets and Assetization in…, 19

Categorization

• DEFINE: Sharp distinction between investor-centric capitalization (future return on cost of capital) and trader-centric pricing, plus assetization vs. commodification/marketization.
• DEEPTHINKING: The shift in analytical frame from commodification to assetization — with the investor-vs-trader distinction around value as anticipated return rather than market price — is conceptually dense enough to reframe how one reads financialized capitalism.
• XREF: Connects to the reading purpose on financialization as the current logic of capitalism; the investor/trader split parallels distinctions in finance theory between investing and trading. — connects to: Understanding value as assetization requires analyzing political economy, not just applying STS to finance. — Kean Birch, Rethinking Value in the Bio-economy:…, 115; Financialized capitalism shapes human activity and escapes human control — Max Haiven, Cultures of Financialization, 340; Financialization lets capital extract value from social life without destroying its creative source ecosystems — Max Haiven, Cultures of Financialization, 572 (+2 more)

Related

• Assetization better captures financialized capitalism than commodification or marketization concepts. (similarity 0.95)
• Assetization constitutes a distinct logic of investment irreducible to speculation or rentiership (similarity 0.90)
• Assetization analysis reveals how nature and society get incorporated into financialized capitalism. (similarity 0.88)
• Assetization remains an unrecognized analytical entry point in financialization research (similarity 0.87)
• Understanding value as assetization requires analyzing political economy, not just applying STS to finance. (similarity 0.86)
• Financialization is how society gets liquidated into marketable commodities (similarity 0.83)
• Assets differ from both exchangeable commodities and simple rental property. (similarity 0.83)
• Financialization research’s focus on speculation and debt created a blind spot for assets. (similarity 0.82)
• Financialization lets capital extract value from social life without destroying its creative source ecosystems (similarity 0.81)
• Assetization extends from social reproduction into nature and ecological reproduction. (similarity 0.81)
• An asset is property yielding an income stream, unlike a commodity for sale. (similarity 0.81)
• Financialisation also colonizes non-economic spheres via valuation techniques. (similarity 0.81)
• Asset value derives from future earnings rather than intrinsic commodity value (similarity 0.81)
• Financialization scholarship spans three approaches with distinct analytic foci. (similarity 0.81)
• Analyzing bio-economy value requires focusing on assets rather than commodities (similarity 0.81)

Broader Connections

• Assetization better captures financialized capitalism than commodification or marketization concepts. #corroborates (0.98) — Paul Langley, Assets and Assetization in…, 26
• Assetization analysis reveals how nature and society get incorporated into financialized capitalism. #expands (0.85) — Paul Langley, Assets and Assetization in…, 43