By Loretta Napoleoni
The tip of the chilly warfare was once inspiration to sign the triumph of Western capitalism over Communism. In Maonomics: Why chinese language Communists Make higher Capitalists than We Do, Napoleoni argues simply the other: what we're witnessing in its place is the start of the cave in of capitalism and the victory of "communism with a revenue motive." Maonomics charts the prodigious ascent of the chinese language monetary miracle and the parallel process the West’s ongoing insistence on misconstruing China and its economic climate while we recognize its transforming into impression and value. Maonomics is a wake-up call wherein Western governments can keep away from monetary cave in by way of studying how you can comprehend extra basically what the teachings of the chinese language economic climate fairly are. in accordance with first-hand reporting from China in the course of widespread visits within the final numerous years, Maonomics lends credence to the chinese language view and interprets it for Western readers. for instance, the chinese language too are hooked up to their imaginative and prescient of democracy, however it isn't like ours. It isn’t concentrated as a lot on vote casting because it is fiscal chance and the reasonable distribution of wealth and prosperity. Napoleoni additionally separates failed Leninist political ideology from real Marxist conception, displaying that Marx’s writings don't reject revenue as long as it really is used to profit the folk. Marx’s dictatorship of the proletariat is being learned in China, she argues, the place sizeable steps ahead are being made within the identify of development and the health and prosperity of the chinese language humans. the chinese language economic climate up shut, any economist will be not easy pressed to assert that they're now not on track. right here Loretta Napoleoni bargains a entrance row seat at the maximum express in the world: the peaceable fiscal revolution that's transferring the stability of strength on the earth from West to East.
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Additional info for Maonomics: Why Chinese Communists Make Better Capitalists Than We Do
For them the role that China will play in international commerce is that of producing, at rock-bottom prices, the goods that Western consumers buy on a daily basis. And to their eyes, the army of Chinese laborers that they “employ” have neither name nor identity; they are, rather, only one of the means of production, a slightly revised and updated version of the proletariat described by Marx. And the workers know this too. At the beginning of the 1990s, a worker in a Meteor14 factory explained the situation in the following manner to the Sinologist Pun Ngai, who had succeeded in passing herself off as a migrant worker: We’re not treated as people, can’t you understand that?
4 percent and quadrupled GDP,3 at the end of the 1970s the Chinese economy is in chaos. 4 This is Mao’s paradoxical legacy: socialism threatens to burst under the pressure of poverty and hunger because there are so many Chinese, perhaps too many. The economy’s growth is insufficient. If the Marxist economic model is to survive, it needs to modernize. In the Eastern Bloc as well, real socialism struggles. And both systems look to the West, where the postwar economic miracle has brought peace and prosperity.
Like old people affected by dementia, we are going backwards, along the way losing memories of our loved ones—of the values that we have won for ourselves over centuries of social struggle. China, on the contrary, is moving forward, improving day by day. But, according to our criteria, these conquests are meaningless because China is not democratic. And here we arrive at the heart of the problem: this estimate of the Chinese population’s lack of political freedom is once again the fruit of a conceptual misunderstanding.