Systemtic Analysis Of The Root Causes Of The Financial Crisis

U.S. Sub-prime mortgage crisis broke out in 2007, the worsening global economy, Sub-debt crisis has gradually evolved into a global financial crisis .After entering in 2008,Lehman's bankruptcy,Century-old Merrill Lynch has also been managed,Due to various uncertainties have increased gradually and continuously, under the influence of the financial crisis,resulted in the U.S. real estate, stock market, banking and finance industry in the doldrums, the global market was weak demand, and leading to an overall recession in the world economy. what are the global financial crisis and economic recession in the root of?Clear that the whole world economy is being sucked into this crisis, and fermented to become a global capitalist economic crisis not only of theoretical significance, but also has practical significance.This paper is based on the current global financial crisis as the research object,Stand the perspective of systems science respectively from individuals, businesses, national, global and system of this six-level root causes of analysis of the global financial crisis. At the individual credit level, revealed a major financier of the United States in the commercial greed of the financial crisis has exposed , it was not only financial issues, or a "moral crisis". The enterprise level, and from five to find the root causes of the financial crisis. First: over-the innovation of financial derivatives has seriously violated the principles of finance; second: the loss of credit system within the enterprise; third: financial supervision and is not in place to promote the growth of the global crisis; fourth: the financial sector inherent vulnerability of the system has led to the instability of U.S. financial model; fifth: Enterprise remuneration system defects. At the national levels, from the six areas for analysis. First: the Fed's monetary policy implemented in 2000 to the United States provides a big low-cost funds to promote the expansion of the real estate market; second: lax financial supervision mechanism and the U.S. government regulation of the financial industry is not in place; third : The United States a serious imbalance in the economic structure, the virtual economy is more than a certain percentage of the real economy; fourth: the American people to the livelihood of over-consumption patterns led to a large number of issuing a large number of lending money; fifth absence of neo-liberal market; sixth: Democratic political structure of the U.S. conflicts. At the national level,And from four to analyze the global level; First: U.S. dollar-based financial hegemony in the world monetary system is in a dominant position; second: the global imbalance of economic structure and industrial structure; third: International super financial monopoly and its high degree of virtualization against the law of value; four: the capitalization in the global economy with the greedy nature of capital. The system level, the system with the Marxist principles to analyze the root causes of the social system that the capitalist private ownership by the means of production and the socialization of production caused by the contradictions of capitalism between the production of relative surplus and market disorder is the current financial crisis system root. Financial crisis and capitalism is born, is a genetic disease, system disease, periodic disease.Innovations of this article a systematic analysis of the root causes of the financial crisis, from the five-level evolutionary analysis of the root causes of the financial crisis to explain a single factor and a number of factors can not be a complete explanation of the problem. And pointed out that the financial crisis is a multi-level, multi-factor non-linear result of the interaction must be a systematic look at the financial crisis.U.S. monetary policy successes and failures are for the current Chinese financial reform and the role of a great reference. Especially in the current severe financial crisis, China has also taken a hit. Only by understanding the root causes of the financial crisis, can the development of China's financial future direction. And understand the root causes of the crisis, but also help us from this crisis to get useful experience and lessons learned, re-adjustment of the political, economic policy, and improving the system of the financial industry to provide a solid premise.