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Maonomics

Why Chinese Communists Make Better Capitalists Than We Do

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eBook published by Seven Stories Press (Seven Stories Press)

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About This Book
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.
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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.
Product Details
eBook
Published: October 11, 2011
Publisher: Seven Stories Press
Imprint: Seven Stories Press
ISBN: 9781609803520
Other books byLoretta Napoleoni
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    Insurgent Iraq

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    An unparalleled look into the Iraqi insurgency and the multitude of forces that continue to shape it, Insurgent Iraq: Al-Zarqawi and the New Generation presents a chilling account of the regrouping of terror networks, and the development of an Iraqi resistance since the invasion by coalition forces over two years ago. One of the world’s leading specialists on terrorism, economist Loretta Napoleoni is uniquely qualified to make sense of the ways in which terror networks do and do not operate in Iraq, and what role they play in the Iraqi resistance. Is the insurgency in Iraq a counter-Crusade, a national liberation movement, or a civil war? With a complex understanding of all the intricacies inherent in such a question, Napoleoni provides a mindful discussion, offering a much-needed understanding of how the US occupation of Iraq has catalyzed the cultural, religious, and political divides within the country to create a wholly changed, more volatile landscape. Composed of independent Iraqi Jihadist groups, Islamo-Nationalist and Ba’ath party resistance, ethnic infighting between Sunni, Shi’ite and Kurd, and foreign suicide bombers, the resistance is a divided yet maintains one demand: the end of US occupation. Overall, Napoleoni offers a breakdown of the current political landscape in Iraq, and a renovated al-Qaeda. Insurgent Iraq is a necessary read for anyone concerned with the future of Iraq, or seeking greater insight into the U.S.’s critical role in the Middle East.

    10 Years That Shook the World

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    From 9/11 to the launch of the iPod, from the creation of "Gmail: to the 2004 tsunami, from the Enron Bankruptcy to the killing of Osama bin Laden, 10 Years That Shook the World is the story of an extraordinary decade. For each year, Loretta Napoleoni presents events not as a chronology bus as dispatches from the world's collective memory. Topics like politics, economics, celebrities, and the environment intersect and converge to reveal the accelerating pace of globalization and the changes that have affected us all.

    Terrorism and the Economy

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