Why Chinese Communists Make Better Capitalists Than We Do

eBook - 2011
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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.
Publisher: New York, NY : Seven Stories Press, c2011
Edition: Seven Stories Press 1st ed
ISBN: 9781609803520
Characteristics: 1 online resource
Additional Contributors: Twilley, Stephen


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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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