Financial capital is the real factor that dominates the production relations of the Western bourgeoisie. The accumulation of financial capital not only prepares the potential objective conditions for socialism, but also creates the subjective class conditions for socialism to overthrow financial capitalism. The rule of the financial capital empire tried to prevent the combination of subjective and objective conditions of socialism, but the inevitability of this combination was stronger because it caused a deeper crisis. Under the rule of the financial capital empire, the parasitic accumulation of financial capital has been strengthened day by day, the social contradictions have constantly worsened, and the right-wing populism has risen. Under the impact of right-wing populism, neoliberalism has been losing legitimacy, the reformist road of the middle class has continued to narrow, the mass movement is separated from populism and combined with democracy, and the democratic movement is increasingly seeking to be combined with Marxism again. Under the control of the financial capital empire, the transformation from liberalism to right-wing populism and from right-wing populism to socialism are inevitable.

Editor: Zhong Yao、Zheng Yifan

From:Frontiers.2022.No.2.