{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"5aba73df-238c-4ba0-bd59-c6ff3e9099f3","title":"虚拟资本：金融怎样挪用我们的未来","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787300330303","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"5aba73df-238c-4ba0-bd59-c6ff3e9099f3","id":"5aba73df-238c-4ba0-bd59-c6ff3e9099f3","uuid":"5aba73df-238c-4ba0-bd59-c6ff3e9099f3","title":"虚拟资本：金融怎样挪用我们的未来","normalized_title":"虚拟资本金融怎样挪用我们的未来","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787300330303","isbns":["9787300330303"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":236,"navigation_url":"https://workshop.closeclaw.top/ai/book/5aba73df-238c-4ba0-bd59-c6ff3e9099f3","title_url":"https://workshop.closeclaw.top/ai/title/%E8%99%9A%E6%8B%9F%E8%B5%84%E6%9C%AC%EF%BC%9A%E9%87%91%E8%9E%8D%E6%80%8E%E6%A0%B7%E6%8C%AA%E7%94%A8%E6%88%91%E4%BB%AC%E7%9A%84%E6%9C%AA%E6%9D%A5","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/5aba73df-238c-4ba0-bd59-c6ff3e9099f3/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/5aba73df-238c-4ba0-bd59-c6ff3e9099f3/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/5aba73df-238c-4ba0-bd59-c6ff3e9099f3","page_url":"https://workshop.closeclaw.top/api/ai/books/5aba73df-238c-4ba0-bd59-c6ff3e9099f3/page","search_url":"https://workshop.closeclaw.top/api/ai/books/5aba73df-238c-4ba0-bd59-c6ff3e9099f3/search"},"page":{"printed_page":171,"pdf_page":209,"physical_index":209,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"4562d264665c76f9cb20f4f5a78ad1c71669448493c587bfe47b50767ee63e1c"},"chapter":"虚拟资本金融怎样挪用我们的未来","content":"让我们来总结一下。非金融企业的金融化似乎部分是一种“视错觉”。当然，20世纪80年代初的利率上调和对为股东创造价值思想的接纳，有助于建立一个高于前一时期的新的盈利标准。然而，这并不意味着金融发挥了更大的掠夺性作用，即金融支出对金融收入的消耗比以前更大。虽然金融支出在利润中所占比例大幅增加，但金融收入也是如此。从长远来看，这意味着非金融企业的净金融支付占利润的比例并没有增加。换句话说，由于企业自身产生的金融收入，企业似乎向债权人和股东支付了更多的金融收入。\n\n这种粗浅的解读并不能让我们满意地解开无须积累的利润之谜。毫无疑问，跨国公司已成为真正的金融集团，它们积极管理自己的流动资产，以便利用各种机会使这些资产增殖，同时减少支出（Serfati，2011）。但是，全球化的生产层面也在不断变化。对于“全球北方”的企业来说，贸易和投资的自由化以及发展主义经验的终结提供了新的利润来源和新的投资机会。这些企业可以利用其在全球商品链中的主导地位，随投人品价格的下降而提高利润率。此外，它们还迅速扩大了国际业务，包括在发展中国家的业务，使它们能够通过在国外实现利润来满足股东的期望。\n\n第八章 无须积累的利润之谜\n\n171","previous_page":170,"next_page":172}