论美国虚拟资本主义的运行逻辑

On the Logic of Virtual Capitalism in U.S.

当前,以美国为代表的资本主义进入了虚拟资本主义阶段。所谓虚拟资本主义,是指资本主义的经济主体从生产物质产品的工业转移到了游离于物质产品生产之外的金融业。美国虚拟资本主义之所以能够生存有两个前提条件:一是亚洲外汇储备能够稳定地流向美国;二是美国的金融资本能够很畅通地流向储备了大量美元外汇的国家。欧元推出后,亚洲外汇储备开始大规模地流向欧洲,从而动摇了美国虚拟资本主义生存的第一个条件;中国储备了大量美元外汇,但金融市场却没有完全开放,致使美国金融资本不能很畅通地流入中国,从而动摇了美国虚拟资本主义生存的第二个条件。美国虚拟资本主义遭遇到的这两个生存威胁是美国次贷危机发生的深层次原因。

At present, the capitalism countries, like the U.S., have turned into a virtual capitalism stage. Virtual capitalism means that the economic entity of capitalism transferred from producing goods or products of industry to the financial industry. The U.S. virtual capitalism has two prior conditions： one is that Asian foreign exchange storage flow to the United States stably; the other is that the capital of the U.S. can easily flow to the countries with a great deal of U.S. dollar foreign exchange storage. After Euro released, the Asian the foreign exchange storage started to flow to Europe on a large scale, which affected the first condition of U.S. virtual capitalism; China has a great deal of U.S. dollar foreign exchange storage, but its financial market is not complete open, therefore, the United States＇ financial capital cannot easily inflow to China, this affected the second condition that the U.S. virtual capitalism exists. These two causes are the deep reasons of subprime mortgage crisis in the United States.