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Maonomics: Why Chinese Communists Make Better Capitalists Than We Do


Maonomics: Why Chinese Communists Make Better Capitalists Than We Do Cover


Synopses & Reviews

Publisher Comments:

The end of the cold war was thought to signal the triumph of Western capitalism over Communism. In Maonomics: Why Chinese Communists Make Better Capitalists than We Do, Napoleoni argues just the opposite: what we are witnessing instead is the beginning of the collapse of capitalism and the victory of "communism with a profit motive." Maonomics charts the prodigious ascent of the Chinese economic miracle and the parallel course of the Wests ongoing insistence on misconstruing China and its economy even as we acknowledge its growing influence and importance. Maonomics is a warning call whereby Western governments can avoid economic collapse by learning how to understand more clearly what the lessons of the Chinese economy really are. Based on first-hand reporting from China during frequent visits in the last several years, Maonomics lends credence to the Chinese view and translates it for Western readers. For example, the Chinese too are attached to their vision of democracy, but it is different from ours. It isnt focused as much on voting as it is economic opportunity and the fair distribution of wealth and prosperity. Napoleoni also separates failed Leninist political ideology from true Marxist theory, showing that Marxs writings do not reject profit so long as it is used to benefit the people. Marxs dictatorship of the proletariat is being realized in China, she argues, where giant steps forward are being made in the name of progress and the wellbeing and prosperity of the Chinese people. Looking at the Chinese economy up close, any economist would be hard pressed to say that they are not on the right track. Here Loretta Napoleoni offers a front row seat on the greatest show on earth: the peaceful economic revolution that is shifting the balance of power in the world from West to East.

Book News Annotation:

Did Marx win the Cold War? Napoleoni (economics, the Judge Business School, U. of Cambridge) says yes. She contends that the global economic crisis has damaged the idea of Western democracy as the ideal form of government, and advocates re-evaluating the Western economic and political system in light of the Chinese model of development, which combines capitalism with communism. She asserts that China represents a breeding ground for socioeconomic transformation as well as political ideas, as China distances itself from its postwar totalitarianism. Annotation ©2011 Book News, Inc., Portland, OR (booknews.com)

About the Author

LORETTA NAPOLEONI is the author of the bestselling book Rogue Economics: Capitalisms New Reality (a Publishers Weekly Best Book), which has been translated into fifteen languages, and Terror Incorporated: Tracing the Money Behind Global Terrorism, which has been translated into twelve. One of the worlds leading experts on money laundering and terror financing, she has worked as a correspondent and columnist for La Stampa, La Repubblica, El País, and Le Monde.

Product Details

Napoleoni, Loretta
Seven Stories Press
Twilley, Stephen
Politics - General
Publication Date:
Grade Level:
9.06 x 6.02 x 1.24 in 1.14 lb

Related Subjects

Business » International
Children's » Animals » Animal Stories » General
Health and Self-Help » Health and Medicine » Nursing
History and Social Science » Economics » General
History and Social Science » Economics » Global Economics
History and Social Science » Politics » General
History and Social Science » Politics » Leftist Studies
Religion » Comparative Religion » General

Maonomics: Why Chinese Communists Make Better Capitalists Than We Do Used Hardcover
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