Mao and MarketsA thoroughly researched assessment of how Chinas economic success continues to be shaped by the communist ideology of Chairman Mao It was long assumed that as China embraced open markets and private enterprise, its state controlled economy would fall by the wayside, that free markets would inevitably lead to a more liberal society. Instead, Chinas growth over the past four decades has positioned state capitalism as a durable foil to the orthodoxy of
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