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. 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.