Stagnation of Contemporary Capitalist Economy and Effects of Economic Policies

20世纪70年代，大多数发达资本主义国家经济增长急剧放缓，失业率长期上升，物价急剧上涨，财政赤字严重，改善国际收支不平衡的困难增加等。这种不安的局面被认为是第二次世界大战结束后凯恩斯主义政策失败或盛行的结果：因此，80年代主要资本主义国家的经济政策呈现出以里根经济学为代表的自由主义或新保守主义特征。撒切尔主义和中曾根康弘的政府行政改革——将政府控股业务私有化，缩小日本官僚机构的规模和范围。此外，为了稳定地扩大贸易和经济增长，各国在频繁的首脑会议和协定的基础上，通过合作控制外汇汇率，努力消除经常帐户的不平衡。因此。更重要的是，资本主义对工人阶级的权力的恢复，物价水平的稳定，经济的持续增长，就业的增加，这些都有助于重建美国的强大形象。然而，另一方面，我们可以说，这些都是以美国经济的巨额双赤字和去工业化为代价的。这是世界经济中其他严重的不稳定因素，如日本和亚洲新兴经济大国之间的国际摩擦。从这个意义上说，我们主张我们的国家垄断资本主义理论观点应该得到正确的认识，即它无法找到从根本上解决垄断资本主义内在矛盾的任何政策。各种投机活动的存在特征的意义、投机活动与实体经济的关系、苏联和东欧结构调整的影响等重要问题需要进一步研究。少

In 1970s. most of the advanced capitalist countries suffered sharp slowdown of economic growth accompanied by growing chronic unemployment, steep rise in prices, the financial deficits, increasing difficulties of improving unbalances in international payment and so on.The uneasy situation has been recognized as a result from a failure or prevailing kennsian polides after the end of the Second World War: consequently, in 80s the economic policies of leading capitalist countries make a feature of liberalism or neo-conservatism represented by such as Reaganomics. Thatcherism, and Nakasone's administrative reform of the government-privatizing government-held operations and reducing the size and scope of the bureaucracy in Japan. Moreover, an important of unbalance on current account has come to be pursued in each country for stable expansion of trade and economic growth by cooperative control over foreign exchange rates based on frequent summit meetings and agreements.As a result. for exam … More ple, restoration of the capitalist power over labor class, stabilization of price levels, continual growth, and increasing employment which contributed to re-establish the powerful image of the United States have been realized, However, on the other hand, we can say that these are performed at the cost of huge amount of twin deficits and deindustrization in the US economy, which turned out to be other serious unstable factors in the world economy such as internation frictions among the rising economic powers of Japan and Asia NIEs. In this sense, we claim that our theoretical view of State Monopoly Capitalism (SMC) should be appreciated properly, that is, SMC is unable to find any policies for fundamental settlement of immanent contradictions in monopoly capitalism.Important problems that need further investigation include the significance of existing features of a variety of speculations, the relationship between speculation and substantial economy, and the influences of re-structuring of USSR and Eastern Europe. Less