alt Hacker NewsNo 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 super super super smart, they get so smart they somehow lose the ability to distinguish between productive and pathological financialization, and then they get to make asinine comments on HN.
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 shocked to discover that it's true. But this is not a new thing.
People who sell a thing, be they multinational airline manufactures, or a kid selling lemonade, have been able to profit by lying or skimping on quality since the dawn of time.
If your concern is that Boeing will skimp on quality & safety, then say that, instead of a buzz word like "financialization"
I have no idea where you came across the word, but when I see it used, there's generally a lot of handwaving and some vague implication that it's some new concept/activity that started in the 1970's. The only consistencies I've observed in attempts to define it is that money = financialization or "number go up" = financialization, and the speaker is generally uncomfortable with money as one of the tools we use to organize society.