著者

岡本 悳也 楊枝 嗣朗

出版者

経済理論学会

雑誌

季刊経済理論 (ISSN:18825184)

巻号頁・発行日

vol.51, no.3, pp.20-31, 2014-10-20 (Released:2017-04-25)

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The Lehman Shock prompted the Marx tenet school and the Left-wing liberal group to contemplate if capitalism has reached its demise or whether the Shock was a general crisis of capitalism. However, I do not believe either of these phenomena. This is because most of the advanced nations escaped from this crisis and have now started to recover. The Lehman shock was "only a shock" and was not the sort of crisis that would shake the capitalistic organization. Historically, capitalism became increasingly more flexible and tough as a counterbalancing force and a system against the communism. This is maybe a historical paradox or a dialectical development of the history. As for contemporary capitalism, the role of the financial system overwhelmingly bears an important impression under the name of "financial capitalism". It is an anachronistic point of view to define "financial capitalism" as "casino capitalism" & "avaricious capitalism". It is the same kind for Lenin to give similar superficial evaluations as "parasitic" & "rot characteristics "on Imperialism. It could be argued that the intellectual weakening of the Marx tenet school and the Left-wing liberal group could be in a critical situation. As Marx has taught, we should today face squarely what "financial capitalism" is. It is important to clarify the structure and historical phase of "financial capitalism", as well as to reach an ideological connotation. The era of "financial capitalism" is a new era when the public is able to save positively and spontaneously, from the time in which the public enjoys consumption. Savings at the household level is the significant foundation of "financial capitalism", and it is on this firm basis that the financial system generates funds for the improvement of living standards of the public and economic growth of developing countries. However, sometimes this approach could be prone to risk and vulnerability. This is the reality of the principle of "financial capitalism".