Research On John E.Roemer’s Stock Market Socialism Theory

Market socialism is one of the important schools of Marxism abroad in contemporary times.The famous American political economist John E.Roemer is an influential leader of contemporary market socialism.With a broad research vision,he has made achievements in many fields such as political economy,distributive justice and socialism.The analysis paradigm of mainstream western economics is the bridge of his interdisciplinary research.The theory of securities market socialism is the realistic foothold of Romer’s socialist theory.Starting from Marx’s theory of exploitation,Romer put forward the "technical definition of exploitation" and established the general exploitation theory based on the theory of labor value.He concluded that "there is exploitation and injustice in capitalist society,which is rooted in the unequal distribution of initial property,and then realizes the accumulation and intergenerational transmission of inequality through private ownership".From this,the focus of his research shifted to the issue of equality in political philosophy,and put forward the viewpoint that socialist distributive justice should pursue equality of opportunity.The upheaval in Eastern Europe and the disintegration of the Soviet Union provided a realistic opportunity for the implementation of Romer’s theory.For the former Soviet Union countries facing economic and social transformation,Romer designed the realistic blueprint of securities market socialism based on the principle of equality of opportunity.Based on the overall study of Romer’s research,this paper traces the unique historical positioning of the formation of the socialist theory of the securities market,summarizes the philosophical basis of the socialist theory of the securities market,and systematically expounds the content of the socialist theory of the securities market from the perspectives of economic system positioning,economic system design,superstructure conception,etc.starting from the standpoint,viewpoint and method of Marxism,evaluates its progressiveness and limitations,and then sublates it on the basis of comparison with China’s socialist market economy,in order to provide beneficial enlightenment for the development of China’s socialist market economy.At present,the research on John E.Roemer is mainly centered on his theoretical achievements in a certain field,mainly focusing on his general exploitation theory and equality of opportunity theory.This paper studies the realistic foothold of Romer’s socialist theory of securities market based on the overall perspective.It not only aims to clarify the main content of Romer’s socialist theory of securities market,but also aims to grasp the complete context of Romer’s socialist theory research from a macro perspective,and then make an objective and scientific theoretical evaluation and theoretical reflection.In chapter 1,The introduction part mainly introduces the research background and significance,domestic and foreign research overview,research ideas and methods,paper innovation and shortcomings.The background of this study is that the contemporary market socialism research is booming,and the socialist market economic system of our country needs to be constantly improved through reform.Theoretically,it helps to enrich the ideas of combining public ownership and market economy,deepen the understanding of the relationship between market and government,and provide a new perspective for scientific socialist research.In practice,it is helpful to broaden the thinking of solving the problem of income gap in the process of economic and social development,promote the deepening reform of our socialist market economy system,and promote the new development of the world socialism.In chapter 2,introduces the formation of John E.Roemer’s theory of socialism in the stock market,mainly the historical background and ideological source of the formation of John E.Roemer’s theory of socialism in the stock market.The theory was formed in the historical period when socialism suffered a major setback after the collapse of Eastern Europe and the Soviet Union,and contemporary capitalism flourished and developed.Its ideological sources mainly include Marx’s production relations theory,egalitarian political philosophy theory,contemporary market socialism theory and western economic analysis paradigm.In chapter 3,John E.Roemer’s philosophical basis of socialism in the stock market,from the critique of capitalism’s injustice to the logical sequence of socialist justice argumentation,clarifies the philosophical basis of socialism in the stock market--the general exploitation theory and the theory of equal opportunity.From a macroscopic perspective,it summarizes Romer’s socialist view,which is based on the spirit of cooperative economic behavior,the distributive justice ethic of equal opportunity and the alternative socialist property relations.In chapter 4,introduces John E.Roemer’s theory of socialism in the stock market,mainly introducing his economic system positioning,economic system design and superstructure conception.This theory takes socialist public ownership and fair distribution as the orientation of the economic system,and designs an economic model composed of the central mechanism with the stock market as the core,the production mechanism with the enterprise-manager as the center,and the distribution mechanism with the principle of fair distribution.It has the main advantages of low pollution level and high innovation level.It also discusses the superstructure conception of developing democratic system,developing equal educational opportunity,developing socialist ideology and so on.In chapter 5,The evaluation of John E.Roemer’s socialist theory of stock market,mainly introduces the evaluation basis,progress and limitations of John E.Roemer’s socialist theory of stock market.The evaluation of John E.Roemer’s theory of socialism in the stock market is based on the stand,viewpoint and method of Marxism.The progressivity of the theory includes encouraging the spirit of the world socialist movement,developing the equal opportunity of socialism,responding to the challenge of contemporary market socialism theory and providing the ideological data of the combination of socialism and market economy.The limitations mainly include abandoning historical materialism,deviating from the labor theory of value and utopian socialist color.In chapter 6,John E.Roemer’s theory of stock market socialism is sublated,mainly introducing the comparison between John E.Roemer’s stock market socialism and China’s socialist market economy,and the enlightenment of John E.Roemer’s stock market socialism to China’s socialist market economy.John E.Roemer’s stock market socialism and China’s socialist market economy have both similarities and fundamental differences,which can serve as the basis for the theory’s reference,and the fundamental difference determines the scope of the theory’s reference.The enlightenment of John E.Roemer’s stock market socialism to China’s socialist market economy mainly includes that the innovation of socialist economic theory must adhere to Marxist guidance,provide ideas for promoting more rational and orderly income distribution,provide methods for building a reasonably structured financial market system,and provide measures for optimizing our country’s public education service system.