China market collapse Hitoshi Yamada/ZumaPress

中国的政治干预

东京—在上周前后,全球股市波动陡增,纽约、东京、伦敦和其他地区的交易员纷纷面临巨大的价格震荡。而全球金融痉挛的原因大多指向了同一个罪魁:中国。

在自由经济中,市场机制可以制造稳定或不稳定。有形商品价格的上涨通常导致需求下降,促使市场形成新均衡。相反,股市等资产的价格上涨制造出进一步上证的预期,导致需求增加,有可能达到过高水平。

在像中国这样的计划经济中,决策者用各种工具影响资产价格,理论上,这一不稳定可以避免;事实上,马克思主义观点认为,阻止危机的政府干预正是管制经济优于自由市场经济的要害。但在实践中似乎并非如此。

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