金融逻辑主导下的资本运行机制及其批判

发布时间：2018-09-04 18:06

【摘要】：资本具有私人性,但为克服生产资料私有制与社会化大生产之间的矛盾而不断调整自身。它在当代的显著变化是借用金融筹集和调配社会资本的功能,将资本的所有权和使用权剥离开来,拓宽了资本的私人边界,打造了新的运行机制:为提高资本的扩张速度,企业通过金融渠道使用了大量外部资本,使扩张方式杠杆化;杠杆的使用意味着外部投资者增多,多元利益主体提高了对企业未来经济效益预期的重要性,使得衡量未来企业经营状况的现金流成为企业扩张的核心要素。从本质上看,资本运行机制被金融逻辑所主导是资本对自身矛盾的又一次克服。然而,金融所打造的这种资本社会化只存在于生产和流通领域,在分配领域则充分发挥了资本的私人性,导致收入分配更加不平等。
[Abstract]:Capital has private nature, but in order to overcome the contradiction between private ownership of means of production and socialized mass production, it constantly adjusts itself. Its significant change in the contemporary era is to borrow the function of finance to raise and allocate social capital, to separate the ownership and right of use of capital, to widen the private boundary of capital, and to create a new operating mechanism: to increase the speed of capital expansion. Enterprises use a large amount of external capital through financial channels to leverage the expansion mode; the use of leverage means an increase in the number of external investors, multiple stakeholders have increased the importance of the future economic benefits of the enterprise. It makes the cash flow of the future business situation become the core element of the expansion of the enterprise. In essence, capital operation mechanism dominated by financial logic is another way to overcome the contradiction between capital and itself. However, the socialization of capital created by finance only exists in the field of production and circulation, while in the field of distribution, the private nature of capital is brought into full play, which leads to the inequality of income distribution.
【作者单位】：信阳师范学院马克思主义学院;
【基金】：国家社科基金“资本金融化的形成机制及其中国论域研究”(项目编号16CZX003) 中国博士后基金面上资助“资本金融化的内在逻辑:基于政治经济学批判的理路”(项目编号2016M601519) 信阳师范学院“南湖学者”人才项目
【分类号】：F275;F832.51

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