Labor is the most important, basic and meaningful activity in human society. Early human labor was mainly engaged in land-related activities, which we called agricultural society and agricultural economy. However, the earth is convergent, that is to say, the circulation of earth resources is limited. It is impossible for all of us to engage in agricultural economy permanently, and we must seek new forms of labor and ways to obtain value. Nowadays, mankind has largely moved from an agricultural society to an industrial society and a financial information society.
Labor creates value. With the improvement of human productivity, finance, as a value itself, a value carrier, a value circulation form and a tool for obtaining value, has also developed accordingly, that is to say, finance has gradually developed with the development of human society. Without finance, modern human society cannot develop.
To sum up, finance is neither falling from the sky nor inherent. Financial society is gradually developed on the basis of agricultural society and industrial society; Financial products come from agricultural products and industrial products. However, most people in the world don't know where finance comes from, what is the basis of finance, and even the financial economy is seriously out of touch with the real economy, which triggered a financial crisis and hit the real economy hard. Financial ecology predicts global financial trends and warns of global financial crisis.
In the "China (Shanghai) International Forum on Futures Investment" on September 1 1, 2005, in the speech entitled "Financial Tree Deduces RMB Exchange Rate Trend and Sino-US Finance", and in the "China Issue with Aggravated US Deficit" of Business Week on June 1 1 of the same year. ..... Once this big tree in America falls down, it will definitely affect the whole world. ..... It is urgent to solve the deficit problem in the United States, which concerns the whole world. ..... The deficit of the United States, especially the trade imbalance, is also the deficit of the world and the trade imbalance of the world. ..... it is related to global economic development and financial stability. ..... The dollar and its assets have depreciated sharply, and it is inevitable that the living standard of Americans will decline. In addition, because the global economy is largely based on the US dollar, the great recession in the United States will inevitably lead to the retrogression and chaos of the global economy, which is likely to include the sharp appreciation of the RMB exchange rate ... and the sharp appreciation of the RMB exchange rate will bring great constraints and blows to China's foreign trade exports and even the entire economic development.
The expanding American deficit will continuously reduce the ability of the American economy to resist risks, and eventually lead to a sharp decline in the exchange rate of the US dollar. However, disaster is not inevitable, but requires the United States to make difficult and painful choices, because it means the change of American lifestyle, the decline of American people's living standards and the decline of dollar purchasing power. The decline in the purchasing power of the US dollar and the living standard of the American people also means that China will largely lose the United States, a big market that once brought a lot of trade dollars to China. ".
Around 2005, the four major state-owned banks in China began to explore issues such as restructuring, demutualization and listing. Due to the accumulation of bad debts, bad debts and liabilities of Chinese banks at that time, the operating efficiency was low, and the domestic and international economy at that time, some economists at home and abroad began to assert that "the financial crisis in China was inevitable". One of the representatives is Professor Thurrow of Si Long School of Management at MIT. He is a columnist in The New York Times and a household name in the United States. According to The New York Times, he made the above remarks in July 2004. In response to this view and similar views, Professor David Ding wrote that "China is not qualified to have a systemic financial crisis, and pointed out that the systemic financial crisis often occurs in countries with serious deficits and foreign debts, especially when faced with huge financial and trade twin deficits, the crisis will be difficult to avoid. It goes without saying that this country is neither others nor the United States.
On March 25th, 2008, Professor Ding was invited to participate in CCTV's "Dialogue" column and pointed out: "Subprime loan is only a branch of the American financial tree, and the whole tree will collapse. Subprime loans are just the tip of the iceberg, because the whole financial system has gone wrong. The wanton proliferation of American financial products will lead to global economic retrogression and financial disorder. " Even at this time, if the regulators and leaders of the countries concerned can realize that the subprime mortgage crisis is not an isolated case and take corresponding measures, this global financial disaster can still be avoided. The financial ecology reveals the ecological law of enterprises, indicating that the rise and fall of enterprises is the micro-level of the economy, and the macro-level of the economy is the unity of you and me. The two complement each other and are inseparable, and finance is the blood that runs through them. Therefore, financial ecology can not only reveal the laws and trends of financial and economic development, but also predict the rise and fall of enterprises. There are countless such cases, including Internet pioneer Yahoo, American energy giant Enron, China Xinjiang Delong Group, Zhongguancun Science and Technology Co., Ltd. and so on.