Maonomics: Why Chinese Communists Make Better Capitalists Than We Do

Maonomics: Why Chinese Communists Make Better Capitalists Than We Do


$17.06 $18.95 Save 10% Current price is $17.06, Original price is $18.95. You Save 10%.
View All Available Formats & Editions
Usually ships within 6 days


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 West’s 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 isn’t 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 Marx’s writings do not reject profit so long as it is used to benefit the people. Marx’s 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.

Product Details

ISBN-13: 9781609804312
Publisher: Seven Stories Press
Publication date: 12/04/2012
Edition description: Reprint
Pages: 384
Product dimensions: 8.60(w) x 5.60(h) x 1.10(d)

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, LORETTA NAPOLEONI was born in 1955 in Rome. In the mid 1970s she became an active member of the feminist movement in Italy, and later studied as a Fulbright Scholar at Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies in Washington, D.C. She began her career as an economist, and went on to work as London correspondent and columnist for La Stampa, La Repubblica and La Paîs. Napoleoni is the author of the international bestsellers Rogue Economics: Capitalism’s New Reality and Terror Incorporated: Tracing the Money Behind Global Terrorism. She has served as the Chairman of the countering terrorism financing group for the Club de Madrid, and lectures regularly around the world on economics, money laundering and terrorism. Napoleoni lives in London and Montana. 

Table of Contents

Preface vii

Introduction 1

Prologue: Depressions in Progress 15

Part 1 Globalization And Communism

1 Exploitation Factories: Charles Dickens in Shenzhen 25

2 The Race to the Bottom 39

3 Chinese Nouvelle Cuisine: Marxism in a Neoliberal Sauce 51

4 Beyond the Great Wall 67

5 The Neoliberal Dream of Modernization 81

Part 2 Globalization and Capitalism

6 The World Is Flat 103

7 Financial Neoliberalism as Predator 119

8 In Union There Is Strength 133

9 From Muhammad to Confucius 145

10 The Great Wall of Renewable Energy 159

Part 3 Globalization And Democracy: A Shotgun Wedding

11 Looking at Washington and Beijing through Chinese Eyes 179

12 Late Imperial Spin: Osama bin Laden as the Modern Attila 193

13 Saboteurs of the Nation-State 203

14 Supply-Side Economics 215

15 The Full Monty 225

16 Mediacracy 235

17 The Thousand Evitas of Berlusconi 247

Part 4 Images of the Future

18 Scenes from a Marriage 265

19 The Last Frontier 279

20 Globalization and Crime 293

21 Rousseau in Chinese Characters 307

Epilogue: China Hands 323

Acknowledgments 331

Notes 335

Glossary 351

Further Reading 357

Index 363

Customer Reviews

Most Helpful Customer Reviews

See All Customer Reviews

Maonomics: Why Chinese Communists Make Better Capitalists Than We Do 5 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago
To the fresh kill pile!" She said, smiling.