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, 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. 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.
" … In urging the West to abandon its prejudices and fundamentally rethink its ideology, [Loretta Napoleoni] is asking the right questions." —Morning Star
About Loretta Napoleoni
Loretta Napoleoni is the author of the bestselling book Rogue Economics: Capitalism's New Reality, which has been translated into fourteen languages, and Terror Inc.: Tracing the Money Behind Global Terrorism, which has been translated into twelve languages. One of the world's leading experts on money laundering and terror financing, she has worked as London correspondent and columnist for La Stampa, Corriere della Sera, La Repubblica, El País, and Le Monde. A former Fulbright scholar, she holds an MA in international relations and economics from Johns Hopkins University, and an MPhil in terrorism from the London School of Economics. For her work as a consultant for the commodities markets, she traveled regularly to Pakistan, Turkey, Iran, Iraq, Syria, and other Middle Eastern countries, where she has met top financial and political leaders. She lives in London.