A new book co-authored by Christopher Marquis, Professor of Chinese Management at Cambridge Judge Business School, and titled Mao and Markets: The Communist Roots of Chinese Enterprise, is among the Financial Times’ Best books of 2022 for the Economics category.
“Many western observers believed that China was moving towards free market capitalism and hoped that it would become more democratic as a result. The elevation of Xi Jinping to a status enjoyed previously only by Mao Zedong has shattered both the belief and the hope. This important book shows that such beliefs and hopes were always naive. Maoist ideas remained alive not just in the communist party and the state but also in the successful businesses created during the era of “reform and opening up.” the article says.
Read the full article [ft.com]