Financialization, then, can name the overarching process by which the massive neoliberal wave. [fact]
Financialization, then, can name the overarching process by which the massive neoliberal wave of value enclosure is facilitated, comprehended and measured. I have borrowed the notion of “liquidity” to speak to the way the financial sector both advances and measures the liquidation of society into marketable commodities (tangible and intangible), or, in other terms, the depth and extent to which all social institutions, forms, spaces and processes – spheres of social value – are re-encoded, disciplined and measured by economic value. The contemporary financial realm is both a reflection and a motor of the seepage of neoliberal capitalism into almost all spheres of social life.
Max Haiven, Cultures of Financialization, loc. 566