Marx’s Production Theory And Supplier-Side Reform In Our Country

During the 30 years after the Chinese economic reform,the economy in China continues to grow rapidly,successfully making China a middle income country and veritably a country of great economic power.However,with a series of internal and external causes,such as the decreasing demographic dividend,the accumulation of the risk of the “middle income trap,” and the profound adjustment of the international economic structure,economic development has become the “new normal.” Economic downward pressure becomes obvious under the new normal,where new and old drives convert,supplier-side reform becomes the breakthrough point of an innovation driven development strategy,and “releasing new demands and creating new supplies” were all issued in a communique of the Fifth Plenary Session of the 18 th Communist Party of China(CPC)Central Committee,turning into one of the most important new drives among others such as “the Internet,” “Made in China 2015,” and “Mass Entrepreneurship and Innovation.” Such significant strategy requires an appropriate instructive theory and practical experience as reference.However,most theoretical research provided by academia mostly derive from Western economics and the economic growth situation faced by the West at that time is apparently different than the ones faced by our country now.Moreover,the conditions of Western countries and our country is,in essence,different,and blindly following their path does no good to solving the problem.Marxism is the most fundamental theory of production and economic development and concepts on production serve as the criteria for all social reforms.However,research on supplier-side reform from the perspective of Marxism is rare,which,not to mention,is a shame.This is where this paper,Marx’s Production Theory and the Supplier-Side Reform in Our Country,sets out,comparing relevant theories on supplier-side reform with past experiences from the viewpoint of Marxism and analyzing the supplier-side reform of contemporary China.This paper is mainly about the instructive theoretical status of supplier-side reform,references of supplier-side reform from past experiences,and an analysis of supplier-side reform…etc.With these theory and experience as the basis,issues such as the balance of the production system,excess capacity,circuit of capital,and labor force transfer,are explored.This paper innovatively explores the problem of the balance of the production system of the supplier-side reform,proposing that supplier-side reform cannot focus merely on the production side,but to calculate the correlation coefficient of relevant industries and to maintain the rebalance of the production system of the entire society.This paper is the first to propose the concept of supply and demand of the production side,discussing them together and explaining that the supplier-side reform should analyze the difference between the “demand” reform of supply and the “supplier” reform of demand,at the same time,integrating with the TFP formula,clearly identifying the philosophy and economics behind supplier-side reform.This paper is the first to propose that,under the instruction of Marx’s production coordination,supplier-side reform has to face the problem of the circuit of capital.Monetary capital and wealth cannot take the place of productivity nor escape from the process of production,or else,reform would be difficult and ineffective.This paper is also the first to propose that supplier-side reform has to supply abundant public goods in the post production stage and suggests that the supplier-side reform should take place along with the planning of public goods.By doing so can theoretical contributions be successfully provided to the supplier-side reform.