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按照传统的观点,中国近代资本形式有两种:官僚资本和民族资本。其定义是这样下的,官僚资本:即半殖民地半封建国家中大地主、大银行家、大买办的资本,也即买办的、封建的国家垄断资本在中国的通称。(《辞海》第1016页1979年缩印本)民族资本:殖民地、半殖民地或民族独立国家中民族资产阶级所拥有的资本,一般为中小资本。(同上,第1806页)那么,近代军阀的私人投资到底属何形式呢?史学界一般把军阀的私人投资也算作官僚资本,因为军阀亦军亦政,他们利用政治特权,通过滥发纸币、募借外债、商业投机
According to the traditional view, there are two types of modern capital in China: bureaucratic capital and national capital. It is defined as follows: Bureaucratic capital: the landlords and big bankers in the semi-colonial and semi-feudal states and the capital of big compradors, that is, the comprador and feudal state monopoly capital in China. (Diochai p. 1016 1979) Printed in the USA Capital: The capital owned by the national bourgeoisie in colonial, semi-colonial or national independent states, usually small and medium-sized capital. (Ibid., P. 1806) So what is the form of private investment in modern warlords? Historians generally count private investment in warlords as bureaucratic capital because the warlords and the army are also politicians who use political privileges to pass banknotes , Borrowing foreign debt, commercial speculation