Financialisation is one form of capitalism where the finance sector is leading the economy and is the largest sector, with a focus on anticipated growth or value rather than the sale of goods.  Because of this, individuals are carrying more debt and risk, while the financial sector creates illusionary value.  This has caused our economies to become unsustainable, for example this economic system is planned for infinite growth, however on is on a finite planet, therefore the growth is not sustainable.

To continue the economy in a sustainable way, we need to make a change.  Decarbonising economies are one of the methods, where technology helps to reduce carbon emissions of the active industries in the economy.  Therefore, innovation economies are crucial to achieve this, through partnerships with private and public sectors to develop technology that fights the climate change crisis while growing the economy the same time.

If we consider Mazzucato’s concept of value, financialisation economies will be extracting the real value of the economies because generating an infinite growth (profits) does not make the planet more sustainable.  Whereas, decarbonising economies are adding real value to the planet, keeping the world running economically but also being more sustainable and saving the environment.