Maonomics: Why Chinese Communists Make Better Capitalists Than We Do

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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.

Reviews

"Timely and fascinating, Napoleonis top-notch reporting, in which her attention turns from Viagra to blood diamonds to the banana price wars in a few pages, works in the vein of Freakonomics and Eric Schlossers Fast Food Nation, but much grimmer." -Publishers Weekly on Napoleonis Rogue Economics, a PW Book of the Year 2008

"This thoughtful and incisive inquiry yields much insight into some of the most important issues of today, and tomorrow" -Noam Chomsky on Napoleonis Terror Incorporated


In urging the West to abandon its prejudices and fundamentally rethink its ideology, [Loretta Napoleoni] is asking the right questions. Morning Star


With her hands on China's skull, Napoleoni can map the phrenology of a billion and a half Chinese minds as they struggle with the complex contradictions of this new and still-churning mix of capitalism and communism. . . . If you want to understand the force that will direct your children and your children's children, read this book. Twice. Greg Palast

Author Bio

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 Universitys 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 Pas. Napoleoni is the author of the international bestsellers Rogue Economics: Capitalisms 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.