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, Loretta 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.”

Napoleoni charts the prodigious ascent of China’s economic miracle and the parallel path of the West’s ongoing misunderstandings of China and its economy. Based on first-hand reporting from China during frequent visits over recent years, the book provides a front-row seat to what the author describes as a peaceful economic revolution shifting the balance of power from West to East.