过度金融化的风险与伦理防范措施

On Excessive Financial Risk and Ethical Preventive Measures

金融业高度自由化与不加节制的资本化在给社会带来资金、资本与财富的同时,也放大了其负面效应,使金融的脆弱性、资本的贪婪性的一面凸显出来。金融逻辑增加了金融风险和道德风险的几率。金融逻辑的演义要有度的规定,应受信用边界的制约,而信用决定于信用能力以及履行承诺的意愿,如果超出能力或者违背意愿,信用就会泡沫化,势必会发生背信弃义的行为,金融逻辑的链条就会断裂,最终导致金融危机的爆发。要对过度金融化的风险进行控制,从伦理上就要通过加强信用、责任与义务等道德力量,在其逾越信用、义务等规定前起防范作用。

While highly financial liberalization and excessive capitalization bring fund, capital and wealth to the society, they enlarge the negative effects, making financial fragility and capital greed prominent. Financial logic increases financial risks and moral hazard. Financial logic should be restricted by the boundary of credit. Credit depends on the promise of credit capacity and the will to fulfil the promise. If it exceeds capacity or violates the will, credit bubble will inevitably occur, and financial logic chains will rupture, resulting in financial crisis. To control excessive financial risks, we must, from the point of ethics, strengthen credit, responsibility and duty, etc. and make preventive action before it exceeds credit.