Financialization means financial ideas and tropes migrating out to transform culture.

Evidence

This book is a contribution to efforts to retheorize financialization, a term which refers to the increased power of the financial sector in the economy, in politics, in social life and in culture writ large. More expansively, the idea of financialization speaks to the way financial measurements, ideas, processes, techniques, metaphors, narratives, values and tropes migrate beyond the financial sector and transform other areas of society. Indeed, a key argument of this book is that the increased economic and material power of the financial sector is intimately linked to its increased influence in the realm of culture. I suggest that financialization, which can also be understood as a periodizing concept that refers to the massive changes in the architecture of the economy and its regulation since roughly 1971, may necessitate a re-evaluation of some of the key categories and tensions of both political economy and cultural analysis. — Max Haiven, Cultures of Financialization, 28

Categorization

• DEFINE: Defines financialization precisely as both sectorial power and cultural migration of financial tropes.
• XREF: Provides the exact framing deWaard extends: financialization as cultural/imaginary colonization rather than purely economic. — connects to: Financialization colonizes culture through diffuse metaphors, narratives, and techniques — Max Haiven, Cultures of Financialization, 35; Financialization both produce and depend on cultural fictions like precarity and creativity — Max Haiven, Cultures of Financialization, 54; Finance both transforms culture and depends on that cultural transformation — Max Haiven, Cultures of Financialization, 31 (+4 more)

Broader Connections

• Financialization colonizes culture through diffuse metaphors, narratives, and techniques #corroborates (0.95) — Max Haiven, Cultures of Financialization, 35
• Financialization means finance’s logics penetrate the fabric of everyday life #corroborates (0.95) — Max Haiven, Cultures of Financialization, 72
• Financialization means finance’s motifs spreading into spheres far from finance proper #corroborates (0.95) — Max Haiven, Cultures of Financialization, 55
• Finance both transforms culture and depends on that cultural transformation #expands (0.85) — Max Haiven, Cultures of Financialization, 31
• Financialization colonizes culture by mobilizing everyday fictions like play, creativity, and resistance. #exemplifies (0.85) — Max Haiven, Cultures of Financialization, 54
• Financialization both produce and depend on cultural fictions like precarity and creativity #expands (0.80) — Max Haiven, Cultures of Financialization, 54
• Financialization also operates as a cultural shift toward entrepreneurial self-management of household finances. #qualifies (0.75) — Neil Fligstein & Adam Goldstein, The Emergence of a Finance Culture in…, 19