The Financialization of Life

What we’ve witnessed the last three to four decades is a retreat of public provision. Public provision has retreated. Private provision has taken its place. As this is happened, finance has emerged as the facilitator of that. So we turn to private provision to solve our housing needs, our health needs, our education needs, and finance makes profits out of that, basically, without having any skills in doing these things. So this to me is the financialization of households.