Financialization

Financialization classically means giving banking, investment, insurance, and other financial industries greater relative importance in the economy of a nation-state or subdivision of it. But it can also mean requiring the individual to make a financial transaction with more and more activities that once did not require a financial transaction.

One can require such activity either by making certain basic needs, like housing and education, available only at a high price, or by requiring certain transactions an individual, absent the legal requirement, could do without.