Why Chinese Communists Make Better Capitalists Than We Do

Book - 2011 | Seven Stories Press 1st ed.
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The end of the cold war was thought to signal the triumph of Western capitalism over communism. Maonomics argues just the opposite: Capitalism is collapsing and instead, 'communism with a profit motive' will prevail. Bestselling author and Journalist Loretta Napoleoni 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 its influence and importance has become undeniable. Based on first-hand reporting, Loretta translates the Chinese view as a warning to the West.
Publisher: New York, NY : Seven Stories Press, c2011.
Edition: Seven Stories Press 1st ed.
ISBN: 9781609803414
Branch Call Number: 330.951 NAPOL
Characteristics: x, 373 p. ; 23 cm.


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Jun 19, 2017

There is a bit of incoherence in the structure of this book and it's theses. This might be due to the translation from Italian to English. Despite this, the author does challenge the reader to consider different meanings and interpretations of commonly used words. No doubt there is a good deal of hypocrisy in the West as well as in China. I felt this book was a little too sympathetic to the Chinese and harsh to the "West" as many of the complaints pertain mostly to the USA,. The author has little to no sympathy for the Liberal ideal of the individual. For some, freedom of the individual is more important then money, but this view is frowned on by the author. Perhaps individualism as a concept is doomed in a world of 10 billion people. One problem for this book is the snapshot of time it takes and then projects from these trends. Imperfect book, but challenges how one looks at the world. Worth reading if you are interested.

BPLNextBestAdults Jun 07, 2012

In her book, Maonomics, Why Chinese Communists Make Better Capitalists Than We Do examines the present political and economic conditions by comparing those of the West, primarily the American and British, to those of China. She points out the biases and baggage in our interpretation of words such as “communism” vs “capitalism” and of “democracy” vs “dictatorship” and how they influence our perception of the world.

Napoleoni goes back to the basics: the early philosophers that influenced the thinking of the West vs the East, Confucius vs Machiavelli. Using past and recent events and stripping away some preconceptions, she compares how the lives of everyday people are affected by globalization in China and in the West. It is not always the way that it seems.

The book constantly asks questions: Is our multi-party electoral system truly the expression of the majority? Was Marxism ever applied as Marx intended? Where did the theory of supply-side economics come from? How free are we really? What are the long-term effects of Reagan and Thatcher’s economics?

This is a book that makes us truly examine what is going on in our world at present. You may not always agree with Napoleoni, but she will make you think.

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