w88 casino News Network (Reporter Liang Tianjun)11month20Sunday 18:30,Shi Jichun’s special academic lecture at the Huiyuan Famous Teachers’ Lecture Hall was held in Room 301, Boxue Building. Mr. Shi Jichun, Doctor of Laws and Professor of Renmin University of China, gave a speech on the theme of "The 'profitability' of state-owned capital and who it competes with for profits."

All students
From the "Guo Meimei incident" to the "resignation incident of the World Bank President this year", from the issue of justice of state-owned capital to the reality of General Motors transforming into a state-owned enterprise, Shi Jichun raised a series of questions such as "whether state-owned capital competes with the people for profit" and "what factors determine wages", and explored it with the students present.
When talking about the concept of profitability, Shi Jichun emphasized: "Profitability has two basic characteristics: profits are used for private purposes and shareholders or investors can obtain investment surplus from the enterprise in accordance with the articles of association and laws." He also made a vivid metaphor for the definition of capital: "Capital is money that can make money. ——Raising chickens for eggs. "The personification of capital and the ability of personified capital have unlimited expansion capabilities. The monopoly of large private capital often directly causes large capital to become richer, and indirectly leads to the concentration of capital in a few industries, making other industries increasingly depressed and the gap widening, even leading to a financial crisis.
Shi Jichun combined Mr. Sun Yat-sen’s “Three People’s Principles” and said: “Mr. Sun Yat-sen is very remarkable. He perfected the Three People’s Principles—nationalism, civil rights, and people’s livelihood.People's Livelihoodism develops the capitalist economy to strengthen the country, develops social welfare for the people's livelihood, and focuses on "equalizing land rights" and "controlling capital." We cannot eliminate small capital, we must make itState-owned capital controls small capital, and large state-owned capital replaces large private capital, returning it to the public rather than to private individuals. "Among them, he talked aboutThe gap between rich and poor in the United States is that one percent of the population occupies 40% of the assets, and is characterized by2011For example, the number one “Telecommunications Tycoon in Mexico” on the Forbes listThe specific institutions controlled by the owners should survive the fittest in the market. The profits of state-owned enterprises are mostly used to expand reproduction and provide employment opportunities, etc.Invest more wealth into social undertakings.

Shi Jichun is giving a speech
When talking about state-owned capital and its positioning, Shi Jichun believes that the level of state-owned enterprises is positively related to the level of government. State-owned capital is the role of legal simulation. If the government level is not high, the simulation will not be good. However, there are no natural stakeholders in state-owned capital, and lack of constraints and motivation often lead to corruption. It can be seen that the great development of socialist undertakings cannot be achieved by relying on the government alone. Investors should be allowed to set up non-profit organizations to use the power of wealth, capital and society to build better socialist undertakings with Chinese characteristics.
After the speech, many students actively communicated with Mr. Shi Jichun. Shi Jichun also gave patient and insightful answers, winning rounds of applause from the students.

Classmates are asking questions
This lecture is hosted by the Student Union of the Youth League Committee of the w88 casino of Finance.