通过对房产市场泡沫危机的演化过程进行深入剖析,本文认为,这是金融化危机的一般症状,在垄断金融资本阶段,人数相对较少的个人与公司掌控着生产与金融部门,其目的在于造福于少部分市场寡头垄断者。在此阶段,实体经济已无法吸纳寻求投资机会的生产剩余,经济陷入严重的停滞状态,膨胀的金融阻止了这一情况变得更糟,经济变得越来越依赖金融化作为增长的关键手段。但金融化仅仅是一种弥补经济停滞的方式,问题的根源在于阶级剥削根植于生产过程之中,这是资本主义发展本身所固有的深层次矛盾。 By analyzing the evolutionary course of the real estate market bubble crisis, this paper argues that this is a general symptom of the crisis of financial crisis. In the stage of monopolizing financial capital, the relatively small number of individuals and companies control the production and financial sectors, the purpose of which is to benefit In a small part of the market oligopoly. At this stage, the real economy has been unable to absorb the production surplus seeking investment opportunities and the economy has stalled into a serious stagnation. Expanded finance has prevented the situation from getting worse. The economy has become increasingly dependent on financialization as a key growth measure . However, financialization is merely a way to make up for economic stagnation. The root of the problem lies in the fact that class exploitation is rooted in the process of production. This is a deep-seated contradiction inherent in the development of capitalism itself.