论过度金融化与美国的金融危机

On over-financialization and the U.S. financial crisis

此次爆发的美国金融危机,并非是一项突发事件,它是资本主义周期性危机的新形式。金融垄断资本主推的经济过度金融化与虚拟化,特别是"有毒的"衍生金融产品的引进,使美国金融结构畸化和金融体系风险增大,并导致这场空前严重的金融危机的爆发。这场金融危机尽管是金融体系内在矛盾激化的直接产物,但其最深根子仍然是实体经济中不断扩张的生产能力与内生需求不足的矛盾。

The outbreak of the U. S. financial crisis is not an emergency but a new form of the periodic crises of capitalism. Economic over- financialization and virtualization which is mainly promoted by financial monopoly capital, especially the intro- duction of the＂poisonous＂ financial derivatives, make the deformity of the U.S. financial structure, increase the risk of the fi- nancial system, and lead to the outbreak of the unprecedented serious financial crisis. Although the financial crisis is the direct product of the intensification of the conflicts inside the financial system, the root cause is still the conflict between expanding production capacity and insufficient endogenous demand in the real economy.