You’re right that some assets have been packaged to negative effect but there are clear examples of the opposite - futures are stabilize commodity prices, MBSs decrease volatility for investors which increases access to underserved SES profiles, carbon credits incentivize companies to decrease emissions, IP creates an incentive to innovate in a way that the public eventually benefits from.

I’d be curious to know what distinguishes assetization that creates negative externalities vs positive. Probably something about assetization that decouples the value of the underlying good or service from the created asset?

You can fuck a program up by calling an integer that you thought was a function but first class functions are still useful.