Mao and Markets: The Communist Roots of Chinese Enterprise

A thoroughly researched assessment of how China's economic success continues to be shaped by the communist ideology of Chairman Mao

It was long assumed that as China embraced open markets and private enterprise, its state-controlled economy would fall by the wayside, that free markets would inevitably lead to a more liberal society. Instead, China's growth over the past four decades has positioned state capitalism as a durable foil to the orthodoxy of free markets, to the confusion of many...