Explication Of The Current Financial Crisis By The Philosophy Of Money

Triggered by the U.S. subprime mortgage, the current financial turmoil is sweeping the globe, and causing worldwide economic recession and crisis. This paper summarizes and studies the previous economic crisis since the 20th century, and then with the basic position and view of Marxism, especially Marxist philosophy of economic (mainly the Philosophy of Money), and analyzes the current international economic situation and the relationship among countries, explores the origin, formation reasons, law, the pros and cons, response measures and risk prevention measures of the financial crisis.This article is divided into three chapters. The first chapter outlines the basic content of the Philosophy of Money, especially from the Marxist philosophy of economic, detaches out the basic elements of the Philosophy of Money as follows: money is not object, but a social relationship; form of money and social-economic pattern; the realization of monetary function rests with interpersonal movements; monetary duplicity; money and the free development of humans; the dialectical relationship between money consumption and accumulation and so on. These views are not only reveal the monetary essence from the ontology, but also reveal the monetary dialectical movement from social epistemology.Bases on the understanding of the philosophy of money in the first chapter, the second chapter analyzes the financial crisis from historical and realistic summary about the financial crisis, from the perspective of the philosophy of money. The Fundamental Idea is: from the "Labor Alienation" to "Consumption Alienation", from the " Consumption Alienation " to "Money Alienation", and then to the financial crisis. Under the framework, this paper concretely analyses: the periodicity of financial crises; double-sided impact of financial crisis; the cause of the current financial crisis.The main rationale of the third chapter is to eliminate alienation, to find ways out of crisis and difficulties from the alienation revealed in the second chapter. It proposes response to the financial crisis and recommends risk prevention measures. The process of analysis reveals Money Alienation and Consumption Alienation that exposed in the financial crisis, from the "Select thrifty" or "select luxury" formulation, discusses the differences and relations between the thrifty doctrine and extravagant doctrine, and calls for the idea of frugality and moderation in consumption and financial management. From "value to the freedom" extends to the discussion about "the rights to the obligations", singularizes the theme. Guided by scientific concept of development which highly valued "people-oriented" as the core, it pays attention to people's livelihood issues, particularly concerned about the problem of peasantry who accounts the majority of Chinese population, and emphasizes closely attention to rural dynamics, stresses the problems that the financial crisis have led to corporate bankruptcy, and that the return of 200 million migrant workers, the fate of this specific group, leave or stay, and their life and employment. Guided by the State Council's "total control, steady prices, adjusting structure, promoting balance" 12-character guidelines, try to find the prevention of financial crisis response initiative, to achieve the sound and fast development of economic and society in our country.