Value Absence of "Life Objectification" is the Root Cause of Western Debt Crisis
LIN Zuo-ming (Aviation Industry Corporation of China, Beijing 100022, China)
The root cause of Western debt crisis is that the society of high welfare inexorably erodes the value of life objectification and the ultimate reason is the lack of wealth symbols. The lagging of economic theories results in a severe neglect on the value of life objectification, the growingly higher welfare based on the utilitarian abuse of Keynesianism by political figures, and a easier trend to be on debt as US debts, not worthily in name than in reality, become a worldwide symbol of wealth. These three harms are bound together to be an encased knot. As the history has been warning that it will be a huge risk for human being to rashly implement new technologies which have not been yet fully grasped by any principle or prognosis, it is absolutely not realistic to rely on a new round of the high-tech industries with some hope. It must be based on the seven forms of economic value proposed in the essay to strive to achieve an alternating commitment between scientific and technological innovation and cultural innovation, and a dual-value medium state economic development pattern leaping forward, to live the wealth of life objectification, and to create a healthy and reliable wealth symbol. It maybe a way out to take the modern manor or castle estate wealth as a legal wealth symbol with strong currency and gold as support on each other, forming a stable social wealth symbol group.