金融化陷阱的政治经济学分析

On financing traps from the perspective of political economics

发达国家金融化的发展过程反映了金融化表面上会带来经济繁荣,但会造成金融危机和经济停滞的陷阱。过度金融化会造成金融资本积累独立性和主导性的过度发展,造成金融资本严重脱离产业资本进行积累并导致产业资本过度金融化,从而诱发金融危机并导致长期经济停滞。金融资本在全球范围内寻求发展中国家产业资本积累的支撑,导致了发展中国家金融化压力的增加和金融风险的积累,使发展中国家陷入国际金融化的陷阱。金融危机之后,包括中国在内发展中国家金融化倾向加剧。为避免金融化陷阱,中国需要在不断完善金融体系的同时,引导金融服务于实体经济。

The financing process of the developed countries that obviously brings about prosperity is filled with financial crises and traps that may hinder economy from development.The over-financing tends to cause the accumulation of financial capital towards independence and dominance,and the financial capital digresses from the industrial capital.Furthermore,the financial capital seeks the support in the developing countries in order to cause global financial traps.This paper discusses the possibility to avoid such financial traps in China,enable financing to serve real economy and prevent economic crisis from occurring.