CAPITAL ISSUE AND SOCIALIST MARKET ECONOMY IN THE NEW ERA: AN ANALYSIS FROM THE PERSPECTIVE OF CULTURAL SYMBIOSIS OF MARXISM AND FINE TRADITIONAL CHINESE CULTURE
CAPITAL ISSUE AND SOCIALIST MARKET ECONOMY IN THE NEW ERA: AN ANALYSIS FROM THE PERSPECTIVE OF CULTURAL SYMBIOSIS OF MARXISM AND FINE TRADITIONAL CHINESE CULTURE

Summary/Abstract: Guiding and regulating capital scientifically in the process of Chinese modernization and ensuring that capital serves the goals of Chinese modernization is an important issue in contemporary China. The solution to this issue should be drawn from two key intellectual resources. The first is Marxist political economy, which centres upon the analysis of the capital issue. Marx’s analysis of capital, particularly in Volume I of Das Kapital, reveals the essence of capital through social relations and replaces empirical positivism with the force of abstraction, thereby analysing the characteristics and operation laws of capital in the production process of capitalist society. The second resource is Chinese fine traditional culture, which reflects political wisdom, governance strategies, and value orientations, including the ideas of “Shan” (善, felicity) and “Yi” (义，appropriateness), “Tian Xia Wei Gong” (天下为公，The World Belongs to All) and so on. Marxism and Chinese traditional culture share points of convergence. Together, these two intellectual resources provide scientific insights and critical guidance for understanding the capital issue in the socialist market economy of contemporary China, harnessing better the positive role of capital as a factor of production while mitigating its negative effects.

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