Why Chinese Communists Make Better Capitalists Than We Do
Publication Date: December 4, 2012
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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.