Maonomics: Why Chinese Communists Make Better Capitalists Than We Do
1 Jan 2011
The end of the Cold War was thought to signal the triumph of Western capitalism over communism. In Maonomics, 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. Napoleoni offers a front-row seat at the greatest show on earth: the peaceful economic revolution that is shifting the balance of power in the world from West to East. MAONOMICS has won the 2010 A. P. E. Prize in Italy for the best book on economics, awarded by the Association for Economic Development in Milan - this is similar to the annual FT prize for the best book on economics.