对美国虚拟经济与实体经济的分析与思考

Analysis and Reflection of American Virtual Economy and Real Economy

由次贷危机引发的金融危机极大地影响了世界金融稳定和经济发展,对金融危机的分析多集中于金融创新过度,金融监管不力。不可否认,滥用金融衍生工具是危机爆发的一个重要因素,但更深层次的原因在于由资本逐利本性和实体经济部门低利润率共同耦合作用下的虚拟经济过度膨胀。文章从分析美国虚拟经济和实体经济入手,说明实体经济是虚拟经济的基础,金融核心作用的发挥必须以实体经济的发展为载体,虚拟经济脱离实体经济必然爆发金融危机。金融危机只是实体经济矛盾释放的形式,应对危机必须从实体经济入手。

The crisis triggered by the credit crisis has greatly affected the world financial stability and economic development. The analysis ofthe crisis has focused on the excessive financial innovation and financial supervision. It is true that the abuse of financial derivatives is an important factor of financial crisis, but the fundamental reason is that virtual economy deviates real economy. Furthermore, the reason for the deviation isthe nature of capital seeking for profit and low profit rate of entity sectors. This article tries to analyze Americanvirtual economy and real economy in order to interpretthat the real economy is the base of virtual economy. The financial crisis is the release of the contradictions in the real economy. To deal with financial crisis must start with the real economy.