Human capital inhibition is China's inflation deep reasons
The reason of inflation from the monetary aggregates and general price to explain the Angle of the relation between. In my opinion, the explanation of very representation. At present China's inflation increased momentum, is largely monetary resources and manpower capital allocation of error.
Monetary resources and human capital in the credit guarantee link error configuration fuel inflation momentum. When potential innovation ability of the young people venture, meet with monetary capital for the leading credit guarantee system obstacle: put too much emphasis on material and monetary guarantee, neglect of human capital the guarantee of the role; Only see the possibility of the existence of credit risk, see the manpower capital owner can be transformed into high-risk high return. Because of the lack of mature human capital for the leading credit, those without business performance, no capital goods, but have entrepreneurial innovation potential, can provide the future high income of human capital owner loan difficulty is very high, cause the whole baseball hats social waste of resources, also caused the social wealth create the source of jam. Accordingly, due to material and monetary guarantee short-term interest paid more attention to, create more and more people will be a lot of money into the most can bring short-term utility of speculative strong industry. On the one hand, in China it is difficult to appear with independent intellectual property rights of the new product to attract the purchasing power of the money, social supply the highlight of less ascension, on the other hand has prompted monetary irrational hype and speculation, human improve target speculation commodity prices and increase inflation.
Monetary resources and human capital in the competition of the wrong link configuration fuel inflation momentum. Monetary resources only free to enter or exit the industry or industry, can produce all social average profit margin, industry or the objective existence of the differential between industry profit margins in human capital can be free competition and achieved some balance. But now people break the monopoly of the equilibrium, widen the gap between the industry or industry profit margins gap, when the state-owned enterprise and private enterprise in the industry, industry field competition be treated differently, the identity of discrimination against human capital fair competition thwarted and monetary resources flow stagnation cannot cause average profit margins. Rely on administrative monopoly acquire higher profits. That rely on the administrative monopoly of the unique investment opportunity right and monetary resources right gained, cause many state-owned enterprise to virtual economic interest in strong anomalies. According to the China banking regulatory commission statistics, by the end of June, 2010, China had 40 established financial company scholars from renmin, 53 leading in state-owned enterprises are more than 30 home for financial company, and the company is thought to be set up financial industry capital into the beginning of financial capital.
Monetary resources and human capital in trade links with the wrong fuel inflation. Monetary resources in trade link configuration is used to reduce human capital transaction costs, the production areas of human capital should be circulation field the strength of the trade negotiations subject. But the present China's production areas of human capital is a circulation field of Jackson lamb: China federation of logistics &purchasing release data show that in 2010, China goods transport amount 75% is for the highway, the road toll accounted for 20% to 30% of the transportation costs. What is more, the Beijing municipal logistics association specially New Era Hats made a survey and found that vegetables wholesale market to retail market from the last mile, circulation costs from shandong shouguang than pull to the cost of the Beijing at least 150% higher. The high cost of logistics in people daily life of excessively high price, production costs, will fuel inflation.
Monetary resources and human capital in the organization of the wrong link configuration fuel inflation. Human capital venture usually from individual to experience group of scale, from extensive small micro enterprise to brand type enterprise. Professional league goal of human capital into the organization need to monetary resources prompt follow up. Only enough money supply of resources, to produce has the strength to avoid prices fluctuate and be able to influence the price reasonable expectations of large scale enterprise. But the current financial credit system and capital market was not fully meet the requirements of the sizable development of enterprise growth, not on the identification, screening, support and encourage companies to provide perfect the scale of the support system, and the department of agriculture pig wave the regularity study our investigation shows, this year the price of pork rose more than 50% year-on-year has, since 2008, the cycle of price fluctuation has reduced to 3 years, and the obvious reason is that China's pig industry scale of the low level, such as keeping free-roaming family small-scale production still accounts for a significant share, on the periodic price shocks, will appear 's scatter households run fast, the scale and can't keep up with the "phenomenon.
From monetary resources and human capital allocation from the point of view of the relationship between the current inflation is accord with the China's economic development and economic reform of the actual, only in this way can we find out the deep roots of China's inflation, which can really solve the problem.
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