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Maonomics: Why Chinese Communists Make Better Capitalists than We Do
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, bestselling author and economist Loretta Napoleoni shines a light on the peaceful economic revolution that is shifting the balance of power in the world from West to East.
Highlighting China’s focus on economic opportunity and the fair distribution of wealth and prosperity rather than the Western emphasis on voting, Napoleoni asks provocative questions such as: Is China realising Marx’s goal of an egalitarian society that uses profit to benefit its people?
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. Napoleoni argues that behind this economic miracle is a uniquely Chinese vision of democracy, one that might inspire Westerners.
Won – 2010 A.P.E. Prize in Italy (Best book on economics)
Praise for Maonomics:
This thoughtful and incisive inquiry yields much insight into some of the most important issues of today, and tomorrow.NOAM CHOMSKY ON ROGUE ECONOMICS