On the capitalist system from the perspective of capitalist economic crisis

As early as the second half of 2007, the subprime mortgage crisis began to appear. After a peak, the real estate industry in America completely collapsed. Investors can't sell their houses to repay their loans, but the real value of their houses is limited. After the sale, they still can't pay off the bank debt. Investment banks have been hit hard. Merrill Lynch and Hyundai Stanley were successively taken over by the government. After a hundred years of wind and rain, Lehman, the immortal bird, went bankrupt and banks tightened their loans. People are frugal, consumption is reduced, and market demand is weak. A large number of factories closed, workers lost their jobs, a vicious circle. In the United States, loans are a very common phenomenon, from houses to cars, from credit cards to telephone bills, loans are everywhere. Locals rarely buy a house in full, usually with long-term loans. But we also know that unemployment and re-employment are very common phenomena here. How can these people with unstable income or no income buy a house? Because their credit rating is not up to standard, they are defined as subprime lenders. About 10 years ago, at that time, advertisements of loan companies appeared on TV, newspapers and streets, or your mailbox was filled with attractive leaflets:

"Have you ever thought about the life of the middle class? Buy a house! "

"Savings is not enough? Loan! "

"There is no income? Looking for A Niu Loan Company! "

"Can't afford the down payment? We offer zero down payment! "

"Worried that interest is too high? We offer a preferential interest rate of 3% for the first two years! "

"Still can't afford it every month? It doesn't matter, you only need to pay interest in the first 24 months, and you can also repay the loan principal two years later! Think about it, after two years, you must have found a job or been promoted to a manager, and you are afraid that you can't afford it! "

"Worried that you can't afford it after two years? Oh, you are too careful. Look at how much the house has risen now compared with two years ago. Then you can sell it to others, not only for two years, but also at a profit! Besides, you don't have to pay. I believe you can do it. I dare you to borrow it? "

Under such temptation, countless American citizens did not hesitate to choose a loan to buy a house. The direct reason is that the actual consumption capacity of the United States far exceeds productivity. If we elaborate, it is the inherent defect of the capitalist system, that is, the contradiction between socialization of production and private possession of means of production. 1944 The Bretton Woods system established the dominance of the United States in world finance. Later, although the system disintegrated, the World Bank and the International Monetary Fund, as the products of the system, still exist and have been serving the United States, and the United States has thus taken control of the global economy. Many countries are also passive victims of this crisis, such as China. Therefore, the solution to the subprime mortgage crisis is to reform the existing international financial order, fundamentally solve the cyclical financial crisis in the capitalist world, learn from China's macro-control, strengthen market supervision, and increase the voice of developing countries such as China in the international economy. Before President Hu attended the G20 Summit, China's 4 trillion RMB economic stimulus policy enhanced China's international influence. Only by reforming the existing economic order dominated by the United States, adapting to the new pattern of international economic strength distribution and cooperating with the whole world can the crisis be completely solved.