Earlier quoted context omitted.
No it's actually bad when financialization reaches such a degree that planes fall out of the sky. You as an oncologist: "cells have been dividing for thousands of years and are better off for it. the word is meaningless. I would hate to be a single-celled organism." lmao Great insight! Therefore there's no such thing as pathological cell division or pathological financialization. Or maybe it's just if someone is supe…
Cancer is a disease that attacks living organisms, similar to how collectivism attacks living societies. "Financialization" is a 7 syllable word with no definition. There is nothing about how Boeing builds & sells planes today that is qualitatively different than how they did it 50 years ago. Yes I am familiar with the concern that engineers hold less sway than previously and I agree this is a concern. I would not be…
Financialization, in this context, refers to the process by which financial results, especially those legible to capital markets, exert pressure on the upstream industrial/corporate processes and inputs that produce those financial results.
"Excessive" or "obscene" or "pathological" financialization is when that feedback loop or reverse pressure ends up producing negative impacts on industrial/corporate processes, often in pursuit of shorter term positive effects on the financial results.
The exact mechanisms of this have been extremely well-documented in the numerous reports created in the wake of the 737 MAX failures.
Could you try leveling a substantive response now instead of a chain of strawmen and associative "the vibes of the speaker are generally off" type dismissals?