The Research Of Meghnad Desai's Market Dynamics Theory From The Perspective Of Globalization

Meghnad Desai is an influential new left economist in Britain,a member of the house of lords and a member of the Labour party.Faced with the new changes in the world political and economic pattern under the current globalization trend,Desai returns to classical Marxism,forms the theory of "market dynamics" on the basis of exploring Marx's market theory,and endows the contemporary value and practical significance of it through the perspective of globalization.Desai's economic thoughts are rarely translated and introduced in China.Through in-depth study and interpretation of Desai's market dynamics theory,it is helpful to understand the trend of economic theory of the new left in the west,and grasp the trend of foreign Marxist economic theory.Desai's economic thought is inclusive and rich in content,and he puts his theory in the macro vision of globalization.Through the analysis of Desai's vision of globalization,we can further grasp the development vein of capitalism and the evolution stage of non-capitalism in the course of globalization.In the context of globalization,Desai restores the spatial value of Marxist theory and endows the dynamic,historical and realistic significance to the theory of market dynamics theory.In the generation of Desai's market dynamics theory,he not only inherits the academic tradition of British Marxism research,but also critically absorbs the economic liberalism,Marxist economics,western economics and other academic trends,and combines with personal experience,forms a unique research approach.Desai constructs his own discourse system through historical criticism,holistic thinking,space-time perspective and logical explanation.As the core of Desai's economic thought,the market dynamics theory has three dimensions,among which there is an progressive relationship.First,freedom is the engine of the market.The logic of freedom regulates class relations,forms economic relations,and the free market creates social wealth.Desai points out that the evolution of class relations reflects the internal contradictions of capitalism,but class contradictions can be alleviated by class cooperation and coexistence.Desai points out that the formation of economic relations reflects the compliance with the objective law of the market,but the law of the market is difficult to surpass in the time and space transformation of the market.The so-called fairness and affluence created by the free market is a kind of compromise solution of Desai to the unequal society.Second,the market is the driving force of social existence.The market is the active field of capitalism.Under the market relationship,capitalism moves periodically around the profit margin,increases in a balanced manner around the law of value,and continues to open up space under the trend of profit margin decline.According to Desai,cyclical growth around profit margins is how capitalism works,cyclical growth occurs in the unity of opposites between capital and labor.Balanced growth around the law of value is the way of capitalism,in the role of the law of value,capitalism has the possibility of long-term existence.The motivation of profit margin decline is the development trend of contemporary capitalism.Under the pressure of profit margin decline,it can promote the continuous existence and development of capitalism.Finally,the free market under globalization is the driving force of social transformation.Globalization revives Marx's economic thought on the law of capitalist movement.Desai points out that there is a spatial limit in the world market,which is not only the limit of geographical space,but also the development limit of production relations.The spatial limits of the market answer the question "why does society jump".There is also a time crisis in the free market,in which capitalism advances and new social relations are born.The time crisis of the market answers the question "when will the social transformation be realized".The free market under the globalization prepares the condition for the transcendence of time and space.The opportunity of social transformation is brewing in the market.The capitalist mode of production answers the question of "how to realize the social ideal" in the process of negation and selfnegation.Social transformation occurs when capitalism is fully mature and market forces exert their maximum advantages and reach their maximum limits.From the market dynamics theory,Desai summarizes the experience of the three development models of capitalism,and studies two programs of socialism.He points out that capitalism has not completely rejected the government's role,and the development schemes for socialist tend to market mechanism.In the criticism of the capitalism and socialism,Desai builds a ideal society of socialism beyond capitalism.Desai thinks socialist factors contains the inside the capitalist production relations,contains in the free market mechanism,and the opportunity of social transition should be found in capitalism,because socialism is built on the prosperity of capitalism.When capitalism integrates the world into a whole and the market dynamic mechanism has no potential to be released,capitalism will move towards a new social transition in denial and self-denial.In Desai's view,this new society is a socially conscious community,in which the market and the government coordinate with each other,and rational governance is realized globally.Desai believes that it is Marx's original intention that socialism could not be realized until capitalism is fully mature,and that the development of capitalism with globalization is not the fall of Marxism,but the revival of Marxism.Desai traces the Marxist classic text,shows the spatial logic,presents abundant humanistic connotation of the economics,in a sense,Desai restores the explanatory power of Marxist theory in the west,demonstrates the advanced nature of the Marxist theory,and paints realistic colors for Marxist political economy.However,there are still some defects in Desai's market dynamics theory,such as exaggerating the power of the free market,abandoning the criticism of private ownership,rejecting the class struggle,being full of illusion and sympathy for the capitalist system,and having a questionable attitude towards the Russian revolution.Under the new round of globalization,the political and economic pattern of the world has undergone great changes,and China has risen rapidly.The study of foreign Marxist economic thoughts,especially the economic theories of a group of new leftist economists,such as Desai,are helpful to enrich and improve the theories of socialist political economy with Chinese characteristics.Desai‘s views,such as respecting market forces,participating in global competition,coordinating the relationship between government and market,have profound significance to the construction of socialist market economy,"Chinese plan" and "Chinese wisdom" can draw a lot of beneficial elements from them,which is also the due meaning of foreign Marxist studies.