News Detail

Shi Wei

Research Report No. 81 (Total No. 2323)

December 7, 2022

 Abstract

Hailed as the most central mainstream values, common prosperity originated in primitive society and has continued to this day. Common prosperity is a basic goal of Marxism, and the original aspiration and founding mission of Chinese Communists. It is a key combination of China’s fine traditional culture and Marxism. Finance is an important means to promote common prosperity. Ancient intellectuals developed the financial generation theory of Chinese civilization in the ideal of common prosperity, hoping to provide a fair environment for wealth creation through a fair tax system, build an underlying system for common prosperity by improving the social assistance system, and control the wealth gap within a certain range with certain rules. We should creatively draw from rich practical experience in ancient China to better understand the historical background and scientific connotation of common prosperity, and enrich our thinking in the new era. We should consolidate the foundation of common prosperity through a plan similar to creating a fair environment for our people; base common prosperity on high-quality development on the principle of starting with the needs of the people; lead the vulnerable groups towards common prosperity by carrying forward the traditional Chinese virtue of mutual assistance.

(Author Affiliation: Chinese Academy of Fiscal Sciences)