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When your local hospital and nursing home get loaded with debt, cut back on staffing and start charging more for worse patient outcomes, that’s financialization as tragedy. When airlines earn more by selling miles to credit card companies than by flying passengers, with consumers footing the hidden bill every time they swipe at the register, financialization has become farce.
~ Oren Cass via The New York Times

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Abounding in minorities, the left is increasingly attentive to hierarchies of respect and vigilant about monitoring them. Abounding in intellectuals, it is increasingly — and mistakenly — inclined to view democracy as a search for truth rather than as a search for consensus; it is prone to cast those who disagree with it, no matter how numerous, as democracy’s enemies and even as authoritarians.
~ Christopher Caldwell via The New York Times

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When consumers are lured into debt with offers to buy that shirt in four easy payments, that’s financialization at work. When you can’t keep track of all the subscription services needed to follow your favorite N.B.A. team, that’s financialization, too. When you’re no longer allowed to record your own child’s hockey game because an investment group bought the rink, that’s financialization.
~ Oren Cass via The New York Times

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