过度积累造成过剩资本,引发资本空间化危机。资本扩张的触角不得不延伸至有异于实体空间的另一境域——虚拟化空间。虚拟化空间是通过投机于虚拟经济系统中证券化后的虚拟价值来分割未来收益的经济空间。在这个空间,资本以其表现样态的丰富性、设计形式的多样性、极具流动性等特点吸引着越来越多的资产流向虚拟经济市场,它们在有效地调节市场货币流量,转移投资风险,形成价格发现机制以及减少交易成本,推动社会经济发展的同时,也造成了经济、社会和人的发展困境。对资本扩张虚拟化空间及其发展悖论进行研究能给社会主义中国的市场经济发展提供一些有益启示。 Excessive accumulation of excess capital, triggering a crisis of capital space. The tentacles of capital expansion have to extend to another area that is different from the physical space - virtual space. Virtualization space is the economic space that divides future earnings through the speculative virtualization of securitization in the virtual economy. In this space, capital attracts more and more assets to the virtual economy market due to its abundant performance style, diversified design forms and great liquidity, which effectively adjust market money flow and transfer investment Risk, form price discovery mechanism and reduce transaction costs, promote social and economic development, but also caused economic, social and human development difficulties. The research on the paradox of capital expansion virtualization and its development can provide some beneficial enlightenment to the development of socialist market economy in China.