One of the major academic achievements discovered by mainstream contemporary economists is the theory of human capital, which statistically explains the vast majority of economic growthFrom the perspective of ordinary people, we can indeed feel the relatively high income-generating capacity of enterprises and individuals in developed countries and regions.
With the rapid development of the contemporary economy and society, when we find that the proportion of human capital in the economy and society is increasing, of course, there will be people who are worried about traditional capital, but from the reality, the crushing of industrial capital by financial capital is the most prominent feature of contemporary developed countries in Europe and the United States.
Since World War II, the ascendant industrial transfer is the inevitable choice of profit-seeking capital in the old developed countries, which can not only quickly grab high returns, but also greatly reduce the social contradictions between labor and capital, and can also reduce the damage to the natural environment caused by economic development.
The development of the world economy over the past few decades has also confirmed the correctness of the choice of developed countries, when the proportion of the service industry in the total economic output is getting higher and higher, the society is showing a trend of becoming more and more civilized.
At the same time, the developing countries that have accepted the transfer of industries have frequently suffered from economic crises, the intensity of which and the degree of economic and social damage to them are far from being comparable to the small stagflation of developed countries. When economic explanations are sought, neoliberal scholars often blame them on race, beliefs, and institutions, leaving them with a sense of self-inferiority and inferiority in the wrong birth.
However, what is the reason why China's development has repeatedly shattered the refined model of neoliberalism, and the theory of China's collapse, which has been peddled many times and has become a laughing stock, has disgraced and embarrassed those academic speculators?To put it simply, this is the greatest benefit of economic sovereignty in hand, and it can also be said that we have not given foreign financial capital the opportunity to fully reap the fruits of our labor.
When we understand the profit-making routine of international financial capital, we will find that the human capital theory put forward by scholars is an indispensable key factor in their construction of a plundering value chain cycle with European and American countries as the top, after all, the movement and delivery of physical objects are far less rapid and efficient than the transfer of virtual capital that has been digitized, and the demand for labor can be infinitely small, which is simply a perfect arbitrage tool.
However, when the theory of human capital can be deeply rooted in the hearts of the people and officially enter the modern economic and social circulation system, this can only make capital more closely inseparable from living labor, and it can also be said that it will make people see more clearly that without the blessing of labor, capital actually ceases to exist. Of course, this is in line with the logic of social operation, capital has no possibility of separating from labor, but because of the basic physiological needs of laborers who do not control the means of production, they can only be forced to accept the unequal treaties proposed by capital to show fairness.
It is human capital that makes the contemporary developed countries get rich by lying down, it is human capital that makes financial capital earn a lot of money, and it is human capital that continues the life of traditional capitalism, but it is the inevitable trend of economic and social development to completely bury the capitalist system or human capital.