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Maonomics: Why Chinese Communists Make Better Capitalists Than We Do

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

 

Synopses & Reviews

Publisher Comments:

With the end of the Cold War, it was believed that Western capitalism had finally triumphed over Communism. In Maonomics: Why Chinese Communists Make Better Capitalists than We Do, Napoleoni argues just the opposite: we are now witnessing capitalism's decline and the victory of "communism with a profit motive." Maonomics charts the prodigious ascent of the Chinese economic miracle and the parallel decay of Western economies, still reluctant to consider China's model even as they acknowledge its tremendous power. Maonomics is a call to heed China's example and avoid economic collapse.

Based on first-hand reporting from China during frequent visits in the last several years Maonomics considers the prevailing Chinese views and translates them for Western readers. For example, the Chinese are committed to a vision of democracy, though it is different from the West's. It emphasizes economic opportunity over voting, focusing on the fair distribution of wealth and prosperity. Napoleoni also separates failed Leninist political ideology from true Marxist theory, explaining that Marx's writings do not reject profit so long as it is used to benefit the people. China is realizing Marx's dictatorship of the proletariat, she argues, with giant steps towards wellbeing and prosperity for the Chinese people. Looking at the Chinese economy up close, few economists could deny that they are on the right track. Maonomics delivers a sharp and insightful account of the economic revolution that is shifting the global balance of power from West to East.

About the Author

A woman of the Left who garners praise from Noam Chomsky and Greg Palast at the same time as she is quoted respectfully in Forbes and the Wall Street Journal, economist LORETTA NAPOLEONI has been an advisor to national governments while being one of the harshest of critics of the underlying principles and policies of the current world banking system. Napoleoni’s books, including Rogue Economics: Capitalism's New Reality (a Publishers Weekly Best Book of 2008) and Terror Incorporated: Tracing the Money Behind Global Terrorism, have been international bestsellers and are translated into eighteen foreign languages. A longtime activist, a former Fulbright Scholar at Johns Hopkins’ Paul H. Nitze School, a Rotary Scholar at the London School of Economics, and chair of the Club de Madrid countering terrorism financing group, Napoleoni has traveled widely in the Middle East and around the world. Her essays and columns have appeared in the Chicago TribuneLa StampaLa RepubblicaEl País, and Le Monde.

Product Details

ISBN:
9781609804312
Author:
Napoleoni, Loretta
Publisher:
Seven Stories Press
Author:
Twilley, Stephen
Subject:
International
Subject:
Politics - General
Copyright:
Edition Description:
Trade paper
Publication Date:
20121231
Binding:
TRADE PAPER
Language:
English
Pages:
384
Dimensions:
8.76 x 5.71 x 1.04 in 0.8 lb

Related Subjects

Business » International
History and Social Science » Economics » General
History and Social Science » Politics » General
History and Social Science » Politics » Leftist Studies

Maonomics: Why Chinese Communists Make Better Capitalists Than We Do New Trade Paper
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Product details 384 pages Seven Stories Press - English 9781609804312 Reviews:
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