Reflection Of The Philosophy Of The Current Financial Crisis

ABSTRACT ABSTRACT From an economical point of view, financial crisis is actually avirtual capital of the bubble crisis. The factors that lead to economicbubble are the direct causes of the financial crisis. Philosophical nature ofthe financial crisis is a process of economy alienation, which is a kind ofreversed, distorted economic reality and economic operation. Theperformance of the financial crisis shows three basic contradictions:First,the contradiction between the economic capital and capital of credit.Second, the contradiction between the need of consumption and thedesire of consumption. Third, the contradiction between economic manand the absence of inherent commercial credit. As we all know, the economic crisis is often the inevitable result ofrelative surplus. In the virtual economy, financial crisis is inseparablefrom the alienation of capital, the combined effect of credit andconsumption. First, the virtual capital leads to the speculation of popularbusiness and economic bubble. Secondly, the strong penetration of creditrelations in the economic life, especially in the financial sector has greatlyaccelerated the development process of the virtual economy. Creditalienation is undoubtedly bad faith, and in the financial sector its obviousperformance is unacceptable credit. Commercial lending, credit sales, repeat mortgage and creditfictitious exchange in the market capitalization open the way for financialcrisis. Finally, the consumerism boosts financial crisis. Consumption isthe goal of mankind's production and economic activity. But with theenriching of human material and the clamor of consumerism, because ofthe loss of criticism, people are used to living under show and vanity. Inorder to chase false identity symbols, people tend to expand theirconsumption in unscrupulous way and satisfy their own desires. Drivenby the unlimited expansion of capital and the unlimited pursuit of surplusvalue, capital virtualization, unacceptable commercial credit and theprevalence of consumerism make the financial sector inherently difficultto avoid a huge potential risk.