Business Ethics and Karl Marx’s Theory of Capital – Reflections on Making Use of Capital for Developing China’s Socialist Market Economy

Making use of capital to develop China’s socialist market economy requires China not only to fully recognize the tendency of capital civilization but also to realize its intrinsic limitations and to seek conditions and a path for overcoming contradictions in the mode of capitalist production. Karl Marx’s theory of capital provides us with a key to understanding and dealing properly with problems of capital. At the same time we should also pay heed to Western research on, experience with, and lessons from capitalist economies developed over the past four centuries summarized in the field of “business ethics”.