Today, LTG GOLDROCK came to talk to you two interactive relationships of virtual and real capital ~
The healthy interaction between virtual and real capital
On the one hand, the healthy development of real capital will promote the healthy development of virtual capital.The value -added of real capital creation and realization is the basis of the existence and development of virtual capital. The healthier the development of real capital, the more value proliferation its creation and realization will be, the more solid the foundation and development of virtual capital will be.Only healthy development will be guaranteed.On the other hand, the healthy development of virtual capital will also promote the healthy development of real capital.Virtual capital with convenient liquidity is a guideline that promotes the efficient and reasonable allocation of real capital. It guides the flow of real capital to the most valuable proliferation place. The healthier development of virtual capital, the more convenient liquidity can guide the real capital, To promote the healthy development of real capital.For example, in the 1990s, on the one hand, its reality capital successfully realized a strategic change with intangible knowledge capital as the core. The ability to value value -added of real capital has greatly enhanced, thereby supporting the healthy development of its virtual capital.On the other hand, the healthy development of virtual capital in the United States, in turn, successfully attracted and guided the flow of real capital to the most valuable proliferation -knowledge -based capital, thereby promoting the strategic transformation of the United States to achieve knowledge capital as the core.In the 1990s, the benign interaction between the United States and real capital promoted the prosperity of the entire socioeconomic and economy.
Phantom and real capital vicious interaction relationship
On the one hand, the deformed development of real capital will hinder the development of virtual capital.The more deformed the development of real capital, the less value to the value of its creation and implementation, and sometimes it is even negative, so that the foundation and development of virtual capital will become smaller and smaller, and its development will naturally be hindered.On the other hand, the deformed development of virtual capital will prevent the development of real capital.Virtual capital with facilities and convenient deformed liquidity is a guidance device that leads to an invalid deformed configuration of real capital. It guides the flow of real capital flows that cannot be valid validized but most likely to collect excess profits -super monopoly capital, speculation non -production capital, etc.The more deformed the development of virtual capital, the more convenient liquidity can guide the flow of real capital flows that cannot be proliferated effectively, thereby hindering the development of real capital.For example, in the mid -to -late 1990s, the East Asian economy, on the one hand, its real capital has low knowledge, unreasonable structure, and economically incompatible scale. The value -added value of real capital is greatly reduced, and sometimes even negative, so that its virtual capital exists and developsThe foundation is getting smaller and smaller, which eventually leads to seriously blocked its development of virtual capital.On the other hand, the deformity of its virtual capital has caused invalid configuration of real capital, which hinders the development of real capital.In the middle and late 1990s, the vicious interaction between the virtual and real capital of the East Asian economy finally led to the East Asian economic crisis.Virtual capital will also have a close connection with actual capital, and the stock price of the secondary market directly reflects the company's performance.
The positive effect is to "vote with your feet", share shares, or increase the issuance of supervision and incentives.
The negative effect is: Micro -speaking, the cash flow of enterprises is subject to the financial management level of the enterprise.In the developed economy, the financial activities of enterprises also intervene in the operation of virtual capital in large scale, with the purpose of the liquidity and risk of transaction management and reasonable transaction management of virtual capital.However, once improper operation, such as a large loss of stocks, it will affect the actual production of the enterprise.
Furthermore, the financial system often connects through the financial activities of enterprises and the substantial economy, which will affect the total cash flow of society. In addition, the excessive growth of virtual capital and the continuous expansion of related transactions are getting farther and farther from actual capital.Form the foam economy.In 1992, the definition of the Japanese Economic White Paper in Japan, "Real stock prices and land prices have skyrocketed if they exceed the basic conditions and theoretical prices of the economy, and the bubble economy will occur."Therefore, the essence of the bubble economy is the inflated asset prices that deviate from the economic foundation.
