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Wealth,Capital and Financial Crisis:Philosophical Reflection of Marxist Crisis Theory

SUN Cheng-shu (School of Philosophy, Fudan University, Shanghai 200433, China)  
The financial capital with two distinct features is formed on the basis of industrial capital. One is its virtual, which means that they only represent the right to gain benefits,and are not on behalf of capital. The other is its speculativeness, so once the payment chain is wholly broken, crisis will inevitably occur; its essence is to clear the financial bubble off mandatorily in order to achieve a balance between financial capital and industrial capital. The financial bubble is due to the nature of capital and U.S. dollar hegemony. As long as capital is still rampant in the world, mandatory financial crisis is bound to happen. On the other hand, the United States is using U.S. dollar hegemony to create financial bubble unlimitedly. Facing the strong U.S. dollar hegemony, China must implement the policy of limited financial openness, which is exactly the successful experience of China’s reform and opening-up.
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