The Capitalist Financialization Based on Value Autonomy Movement
In the historical development process of capitalism,the financialization movement often exhibits a general pattern of occurrence,with its core feature being the detachment from value production and the realization of value proliferation,thereby presenting the general characteristics of value autonomous movement.According to Marxist political economy,the fundamental contradiction of capitalism determines the contradiction between value production and value realization,which in turn determines the contradiction between the tendency of value autonomous movement and the ability of value autonomous movement.This is the fundamental reason that ultimately determines the development of value autonomous movement and the cyclical occurrence of financialization movement.Since the 1970s,the capitalist class has attempted to unify the tendency and ability of value autonomous movement through frequent expansion of the credit system.This has led to a special development mechanism in which value continues to adopt the form of financial capital for autonomous movement in the process of proliferation,highlighting the essence of contemporary capitalist financialization within the framework of political economy.China's economic development has also shown the characteristics of financialization,and the economic development centered on the financial sector is difficult to sustain.China should always maintain the core position of the real economy and promote its development through the development of the credit system.
Value Autonomous MovementFinancial ExpansionFinancializationThe Dual Accumulation System of Total Social CapitalPolitical Economy
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