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Volume 54 Issue 11
January 2023
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Citation: Wenjing ZHONG and Biliang LUO. The Asset Logic of Farmers Moving towards Common Prosperity[J]. Academic Monthly, 2022, 54(11): 38-53. shu

The Asset Logic of Farmers Moving towards Common Prosperity

  • The trickle-down theory that economic growth driven by market mechanisms can automatically improve national welfare has been widely questioned. The mainstream property rights theory emphasizes the assumption that separated property rights can induce efficiency, which can neither guarantee the maximization of efficiency, social justice, nor the realization of common prosperity. The harm caused by wealth, especially asset inequality, is more serious than income inequality. The trickle-down effect theory ignores an essential factor in the socio-economic system: the ownership of the means of production. The public property rights and the sharing of interests of rural collective assets, especially ecological assets, constitute an essential mechanism for farmers to achieve common prosperity. To alleviate the gap between the urban and rural regions and promote common prosperity for farmers, defining and revitalizing the property rights of rural collective assets is an important path. The rural region has irreplaceable land resources and diverse ecological resources. Especially the inseparability of assets under the framework of collective ownership, the fairness of membership rights, and the sharing of benefits constitute the logical basis for farmers to move towards common prosperity with ecological assets. Based on expanding farmers’ development accounts and further revitalizing rural collective ecological assets, this paper designed the execution mechanism of asset capitalization and ecological service transaction and proposed a preliminary operation strategy and scheme.
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    1. [1]

      Guanghua WANWeirui JIANGJiehao ZHANG . Common Prosperity under the Changes Unseen in a Century: From a Perspective on Income Gap. Academic Monthly, 2022, 54(8): 32-44.

    2. [2]

      Shiye TIANPing LI . Changes of Rural Land Property Rights System in China from the Perspective of Development. Academic Monthly, 2021, 53(12): 74-84.

    3. [3]

      JIANG Tao . The Trading Effects and Service Returns of Data Assets with Trading Ecology. Academic Monthly, 2024, 56(1): 70-80.

    4. [4]

      TIAN Guoqiang . Comparison of Moral Philosophies between Smith and Kant. Academic Monthly, 2023, 55(5): 36-44.

    5. [5]

      Chunguang WANG . Rural Non-Employment Income and the Possible Future Picture of Chinese Rural Modernization. Academic Monthly, 2022, 54(12): 128-140.

    6. [6]

      LIU Shouying . Open Access Order and the Common Prosperity for Rural People. Academic Monthly, 2023, 55(8): 41-60.

    7. [7]

      Biliang LUO . Growth, Transformation and Ecological Development. Academic Monthly, 2021, 53(5): 54-64.

    8. [8]

      Mingzhe ZHU . The Principle of Sustainability and the Ecological Turn of Contemporary Civil Law. Academic Monthly, 2020, 52(6): 84-97.

    9. [9]

      ZHANG Taofu . When Artificial Intelligence Involves in the Ecology of Public Opinion:Structure,Discourse and Governance. Academic Monthly, 2024, 56(2): 149-157.

    10. [10]

      Ke FAN . The Living Wisdom and Ecological Civilization in an Anthropology Perspective. Academic Monthly, 2020, 52(3): 141-154, 120.

    11. [11]

      . . Academic Monthly, 2017, 49(05): 74-89.

    12. [12]

      Qingzhi HUAN . The Systematic Pattern, Kernel Concept and Basic Proposition of Xi Jinping’s Thought of Ecological Civilization. Academic Monthly, 2021, 53(9): 5-16, 48.

    13. [13]

      Junjie HUANG . What Confucianism Can Contribute to an Ecological Culture. Academic Monthly, 2023, 55(1): 11-19.

    14. [14]

      Jianxing YUYindong LIU . Vertical Governance in the Changes of Supervision System: The Second Round Central Environmental Protection Supervision in Focus. Academic Monthly, 2021, 53(11): 77-84.

    15. [15]

      Ming CHEN . The Formation and Reconstruction of Jiti: Political Logic Analysis of Collective Ownership of Rural Land. Academic Monthly, 2019, 51(4): 84-93.

    16. [16]

      ZHU Pingfang . Targeted Poverty Alleviation and Rural Labor Mobility:Policy Treatment Effects and Mechanisms. Academic Monthly, 2024, 56(3): 70-83.

    17. [17]

      Zhiping HU . Political Economy of the Change of Rural Public Service Supply in China: Development Stage and Government Behavior Framework. Academic Monthly, 2019, 51(6): 53-63.

    18. [18]

      Xiaohong ZHOU . Collective Memory: Community of Fate and Social Construction of Individual Narrative. Academic Monthly, 2022, 54(3): 151-161.

    19. [19]

      ZHOU Pan . From Identity to Contract: Community Dilemma in the Reform of Collective Property Rights System. Academic Monthly, 2023, 55(11): 123-135.

    20. [20]

      LI Mengmeng . The Impact of Rural Collective Operating Construction Land Entering the Market on the Income Gap between Urban and Rural Areas. Academic Monthly, 2023, 55(10): 49-60.

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          The Asset Logic of Farmers Moving towards Common Prosperity

          Abstract: The trickle-down theory that economic growth driven by market mechanisms can automatically improve national welfare has been widely questioned. The mainstream property rights theory emphasizes the assumption that separated property rights can induce efficiency, which can neither guarantee the maximization of efficiency, social justice, nor the realization of common prosperity. The harm caused by wealth, especially asset inequality, is more serious than income inequality. The trickle-down effect theory ignores an essential factor in the socio-economic system: the ownership of the means of production. The public property rights and the sharing of interests of rural collective assets, especially ecological assets, constitute an essential mechanism for farmers to achieve common prosperity. To alleviate the gap between the urban and rural regions and promote common prosperity for farmers, defining and revitalizing the property rights of rural collective assets is an important path. The rural region has irreplaceable land resources and diverse ecological resources. Especially the inseparability of assets under the framework of collective ownership, the fairness of membership rights, and the sharing of benefits constitute the logical basis for farmers to move towards common prosperity with ecological assets. Based on expanding farmers’ development accounts and further revitalizing rural collective ecological assets, this paper designed the execution mechanism of asset capitalization and ecological service transaction and proposed a preliminary operation strategy and scheme.

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