Financial capital would simply render everything speculative, propounding the already salient contradiction in capitalism between actual value and market price. Finance would value (and, hence, organize) social production and social goods based on their speculative returns, rather than social need. This is happening, to a certain extent, in today's global food markets, where the vast majority of basic cereals are bought and sold before the seeds are in the ground, thanks to the trade in commodities futures and derivatives (Bello 2009; Russi 2013). The result has been a massive spike in global food prices as financial capital flees more abstract securities (speculative information technology, credit default swaps, etc.) and seeks to shore up portfolios in more "material" investments (food, gold, energy, etc.).

Max Haiven, Cultures of Financialization, loc. 510