Paul Langley — Assets and Assetization in Financialized Capitalism
16 published claims from this book.
- Asset distribution drives wealth inequality and social stratification.
- Asset-based welfare policies since the 1990s individualized the risks of material security.
- Assetization analysis reveals how nature and society get incorporated into financialized capitalism.
- Assetization better captures financialized capitalism than commodification or marketization concepts.
- Assetization constitutes a distinct logic of investment irreducible to speculation or rentiership
- Assetization extends from social reproduction into nature and ecological reproduction.
- Assetization remains an unrecognized analytical entry point in financialization research
- Assetization supersedes commodification and marketization as the key analysis of financialized capitalism.
- Assets differ from both exchangeable commodities and simple rental property.
- Becoming an asset exceeds property relations and needs separation from socio-material context
- Financialization research’s focus on speculation and debt created a blind spot for assets.
- Household debt now sustains demand, survival, and economic governance in capitalism.
- Housing asset ownership now structures class and inequality more than occupation does.
- Inequality stems significantly from uneven asset ownership, not only elite speculation and household debt
- Post-crisis lending shifted from securitized bank credit to shadow-bank portfolio lenders valuing future prospects
- Private equity firms have remade family rental homes into portfolios of financialized asset classes