Based on the basic position of adhering to ownership by farmers’ collectives and promoting the substantive reform of the collective asset share system, it is advisable to explain the relationship between farmers’ collectives and rural collective economic organizations through the dualism of heterogeneity theory and substitution theory. As far as resource assets are concerned, the heterogeneity theory that farmers’ collectives are subjects of ownership and rural collective economic organizations are representatives of ownership should be adopted. For operational and non-operational assets, the substitution theory that rural collective economic organizations replace farmers’ collectives as ownership subjects should be adopted. Dualism is not only supported by the legal basis, ownership and shareholding system, but also helps to resolve the confusion of monism. From the perspectives of ensuring the benefits of all members, satisfying the requirement of indivisibility of the property rights of resource assets, and avoiding the outflow of collective rights, the heterogeneity theory is conducive to the realization of public ownership of those assets. On account of the objective situations such as the divisibility of operational assets, different shares leading to different returns, and the outflow of collective rights caused by non-member shareholdings, the substitution theory in the dualism won’t weaken the realization of the public ownership of operational assets. Under dualism, the membership identification conditions of farmers’ collectives or economic cooperatives are inconsistent with those of joint-stock economic cooperatives, resource assets should not be expressed as collectively owned by members of rural collective economic organizations, and rural collective economic organizations can go bankrupt. To guarantee the realization of public ownership of operational assets, it is necessary to limit the outflow of collective profits, expand the scope of members benefits, and promote equal benefits among all members. |