Overfinancialization

A starter home is no longer just a starter home. It is a yield target. A hospital is no longer just a hospital. It is a balance-sheet play. Over-financialization is the quiet shift that turned the basics of life into tradable “assets,” rewarding extraction over creation and leaving the real economy thinner, pricier, and more fragile. This piece explains how we got here, who benefits, who pays, and what it would take to rebuild an economy that makes things again instead of just making fees.