Why Chinese Communists Make Better Capitalists Than We Do
Seven Stories Press, Forthcoming October 2011 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, Economist and best-selling author Loretta 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 West’s ongoing insistence on misconstruing China and its economy even as we acknowledge its growing influence and importance. 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.