General Secretary Xi Jinping used the example of international financial crisis to criticize the erroneous views that the Marxist political economics was outdated in his speech at the Symposium on philosophy and social sciences on May 17th last year. General Secretary Xi Jinping pointed out that:" some people say that Marxist political economics and Das Kapital are out of date. This statement is arbitrary. From the perspective of the international financial crisis, many western countries continue to suffer from economic downturn, polarization and social contradictions. This shows that the contradiction between the socialization of production and the private possession of means of production still exists, which is inherent in capitalism. However, the forms and characteristics are different."
