Financialization means finance’s motifs spreading into spheres far from finance proper

Evidence

This is neither a book on political economy, nor a book about the machinations of the financial sector. Rather, it seeks to develop some theoretical tools for a militant critical theory of financialization. As such, it includes relatively little information about the actual processes of financial accumulation, the policies surrounding the financial services industry, the financialization of the economy, or the practices of financiers and financial intermediaries. I am examining financialization as a broad cultural and sociological phenomenon, a category that cannot easily be defined or contained because it is marked by its rhizomatic appearances and viral contagion throughout the social and cultural field. In general, financialization refers to the expansion and infiltration of the themes, ideas, tropes, measurements, metaphors and influence into spheres seemingly in no way related to the core operations of the financial economy. — Max Haiven, Cultures of Financialization, 55

Categorization

• DEFINE: Haiven’s working definition of financialization as cultural-sociological phenomenon: expansion and infiltration of financial themes and metaphors into unrelated spheres.
• XREF: This rhizomatic/viral framing of cultural financialization maps directly onto deWaard’s argument about finance colonizing culture — a key definitional bridge. — connects to: Financialization means financial ideas and tropes migrating out to transform culture. — Max Haiven, Cultures of Financialization, 28; Financialization means finance’s logics penetrate the fabric of everyday life — Max Haiven, Cultures of Financialization, 72; Financialization is how society gets liquidated into marketable commodities — Max Haiven, Cultures of Financialization, 566 (+2 more)

Broader Connections

• Financialization means finance’s logics penetrate the fabric of everyday life #corroborates (0.92) — Max Haiven, Cultures of Financialization, 72
• Financialization colonizes culture through diffuse metaphors, narratives, and techniques #exemplifies (0.85) — Max Haiven, Cultures of Financialization, 35
• Financialization is how society gets liquidated into marketable commodities #expands (0.80) — Max Haiven, Cultures of Financialization, 566
• Financialization operates as decentralized power through everyday financial practices #corroborates (0.78) — Natascha van der Zwan, Making Sense of Financialization, 20