On the Slow-Growth Law of Capitalist Private Ownership
In view of the basic principles of Marxism and the historical context of social and economic development,the slow-growth law of capitalist private ownership accords with objective reality.From the perspective of theoretical logic,the mechanism of this law is based on three main paths:first,the general law of capitalist accumulation inevitably leads to underconsumption;second,the law that private enterprises do invest until they have reached their expected profits or the law of declining average profit margins inevitably leads to underinvestment in the real economy;and,third,the profit-seeking nature of capital and the law of average profit margins inevitably lead to industrial imbalance.From the point of view of realistic logic,the results of long-term growth and negative growth of capitalism since the 20th century have confirmed the objective existence of the theorem of"slow growth of capitalist private ownership,indicating that private ownership has a restraining effect on economic growth.
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