State Monopoly Capitalism and Its Development in Post Financial Crisis Era

Scientific understanding and grasping of the contemporary capitalism development stage is the key to correctly recognize contemporary capitalism and its nature. It has been a controversial focal issue in academic circles at home and abroad to determine the stage of development of contemporary capitalism. From adequate analysis we conclude that although contemporary capitalism has undergone profound changes,the changes are developed in the framework of state monopoly capitalism and do not break through the key nodes; and contemporary capitalism is still in the stage of state monopoly capitalism. In the process of financial crisis evolution and propagation,state monopoly capitalist countries have achieved further deepening and development. However,it is needed to note at the same time that state monopoly capitalism will not and is unlikely to end the capitalist development stage,and capitalist productive relations are still developing.