本文认为泡沫经济问题不仅有直接的经济原因，更有深刻的政治社会原由，资源无效配置、投机活动泛滥和社会结构失衡是转型社会发展的基本难题，也是泡沫经济形成的基本原因。泡沫经济及其巨大危害实现了全方位的政治、经济与社会变革的必要性与紧迫性，只有在经济增长加速的同 This article holds that the bubble economy not only has immediate economic reasons, but also has profound political and social reasons, inefficient allocation of resources, proliferation of speculative activities and imbalance of social structure, which are the basic problems in the development of transitional society and the basic reason for the formation of the bubble economy. The bubble economy and its tremendous harms have realized the necessity and urgency of a full range of political, economic and social changes. Only when economic growth accelerates