Maonomics: Why Chinese Communists Make Better Capitalists Than We Do

Maonomics: Why Chinese Communists Make Better Capitalists Than We Do

Maonomics: Why Chinese Communists Make Better Capitalists Than We Do

Maonomics: Why Chinese Communists Make Better Capitalists Than We Do

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Overview

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

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

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