{"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":30,"pdf_page":68,"physical_index":68,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"5bc50a933beb133833bc9799da499b61cb13b228ef009db56d5db680ded555e6"},"chapter":"虚拟资本金融怎样挪用我们的未来","content":"资本主义固有的不稳定性是由于利润依赖投资，企业债务的确认依赖利润，投资又依赖外部融资的可用性。但融资的前提是：先前的债务和为资本资产支付的价格由利润来验证。资本主义是不稳定的，因为它是一个金融和积累系统，有昨天、今天和明天（Minsky，2008，p. 327)。\n\n信贷关系远非如此简单，因为银行家和金融中介机构与其他资本家如出一辙，他们都是资本家。因为他们相互竞争，并寻求利润，所以他们必须不断创新。这就形成了一个复杂的金融机制网络，将财富的最终拥有者与控制和利用这些财富的企业管理者分离开来。金融日益复杂化的趋势导致了三种可能的收人与债务关系体系。第一种情况是，经济参与者的收入足以偿还债务，因此金融关系是稳固的，不会对经济的整体再生产造成任何问题。第二种可能是投机关系的建立，在这种关系中，一些经济单位的债务不断滚动（它们只能偿还利息，而不能偿还本金)。这样的结构会产生脆弱性，稍有困难就有可能使情况陷人第三种可能——庞氏结构的发展趋势，收入流量不足以偿还债务的本金或利息。结果，债务只会增加，最终导致破产。\n\n虚拟资本：金融怎样挪用我们的未来\n\n30","previous_page":29,"next_page":null}