The Credit Relationship Research From The Perspective Of Marx's Political Economy

With the advent of financial globalization,capital is penetrating into people’s economic life and daily life in various forms.It is closely related to our daily life.Especially from the development of the credit relationship is more complex.In view of this reality,we need to review Marx’s credit theory and use it to analyze the problem of financial capital in today’s world.According to marxism,credit relationship was born at the beginning of private ownership.With the emergence of money,especially the development of means of payment,credit relationship had its embryonic form.And the business that develops subsequently makes credit relation expand and mature gradually.In the field of capital operation,credit relationship was initially manifested as the bill exchange between industrial capitalists.With the development of production and the expansion of scale,capitalists have been unable to deal with more and more bills,so Banks came into being.The role of bank initially just as industrial capitalist monetary and credit intermediary between capitalist treasurer,with the development of production,the rapid development of the original credit system already cannot satisfy the capitalists desire to expand production,the capitalists need as much as possible in the shortest possible time gathered social idle capital,bank credit with powerful monetary amount be occupied the main position in the credit relations.All kinds of financial institutions have developed around Banks.These institutions,along with the stock exchange and Commodity Exchange created by joint-stock companies,have played a great role together with Banks in financial capital mobilization.The expansion of capital also spread rapidly to all parts of the world from the original in China or some regions.In the internal movement,the former industrial capital mainly cooperated with Banks and gradually turned to industrial capital.The banking industry has played a pivotal role in the development of credit relationship between money and commodities,and through this business connection has linked up the major sectors in the production relationship of the whole society,such as industrial institutions,commodity institutions and financial institutions.The pace of economic globalization is such a bank-centered,like a snowball rolling.Banks and financial institutions cooperate and contain each other.The development of credit relationship makes the capital movement become unprecedentedly active and powerful,aggravating the international competition of capital and the risk of financial capital movement.Generally speaking,the development process of credit relationship is actually the development process of the financial subject with the bank as the main line in the industrial chain of capitalism,which is also the process of the gradual growth of financial globalization.From the perspective of Marx’s political economy,credit relations are deeply affected by the economic cycle.When the economy is booming,credit relations are relatively active,and vice versa.But the boom also led to blind investment,which led to another contraction.The economic contraction has led to new innovations in credit relationships,which have led to new prosperity.Credit relation comes into being along with capitalist economic system,but it also has a profound influence on this production relation.The greed of the capitalist system when the credit system is often not rational control,eventually to their own economic destruction.But the credit relationship itself is objective,the credit relationship itself does not have the nature of capitalism or socialism,it is only the tool of capital gathering.Since it can be a tool for capitalism to plunder social wealth,it can also be a tool for socialist society to concentrate on the development of production.As long as it is properly used,the credit system can effectively integrate social resources and capital and promote the process of economic globalization.