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Dialogue and Universalism

Volume 27, Issue 4, 2017

Values and Ideals. Theory and Practice: Part V

Xing Guozhong
Pages 99-106

The Chinese Moral Crisis and Moral Capital

“Moral capital” is a concept emerged in the China ethical community at the end of the 20th century. The issue of moral capital arises from discussions about economy and ethics. The controversial point in this concept consists in that morality is a kind of capital. Will morality become a capital? I think it is possible. The interpretation of the concept “capital” should go back to the logical starting point of economics, namely, “rational-economic man.” From the perspective of moral philosophy, every economic activity is committed to morality. The maximization of self-interest is only a part of rationality. Rationality should also cover the acquisition of no self-interest valuable goals. People’s economic behaviors may also be connected with culture, ethics, intelligence, aesthetic appreciation or emotions. I think it is time to radically reform rationality. The issue of moral capital reinterprets capital by basing on humanity. The core of moral capital consists in the revealing of capital’s property of value; this value functions against the background of the socialist market economy system. It is the issue of economic justice in the context of contemporary China.

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