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Mao, Marx & the Market

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Mao, Marx & the Market

Capitalist Adventures in Russia and China

Wiley,

15 min read
10 take-aways
Text available

What's inside?

Capitalism, not for the faint of heart.

Editorial Rating

8

Qualities

  • Overview
  • Background
  • Engaging

Recommendation

Dean LeBaron has crafted an insightful volume that is part travelogue, part cultural analysis, and part memoir. The resulting book will bring you up-close and personal with the forces that shaped the two great cultures of Russia and China. The text is adorned with vignettes, anecdotes, parables and humor that keep the read as entertaining as it is weighty. getAbstract.com strongly recommends this book to anyone looking to understand two countries that have greatly influenced the last century of human history and will play a central role in the next.

Summary

Swords Versus Plowshares

If it is true, as the Chinese say, that a journey of a thousand miles must begin with a single step, then the West still has a long way to go in understanding our eastern brethren in Russia and China (and we better get on the march soon). Efforts to privatize Russian businesses and invest in the country's infrastructure were boosted in the summer of 1990 when a conference entitled, "Swords into Plowshares," was held at Harvard. The topic was how to ease the transition of the former Soviet Union back into the Western economic mainstream. The importance of this initiative was underscored when a member of the Russian delegation stated at an informal meeting that he had visited Boston before.

"Oh?" an interested listener replied. "And when was that?"

"About five years ago?"

"And where did you stay?"

"Nowhere," the delegate answered, before going on to explain that he had visited Boston aboard a Soviet submarine, from which, using the periscope, he took a tour of Boston Harbor. Suddenly beating swords into plowshares became a real and present priority.

The Soviet Context

The latent potential of the Soviet economy ...

About the Authors

Dean LeBaron  founded Batterymarch Financial Management in 1969. He is author of Dean LeBaron's Treasury of Investment Wisdom: 30 Great Investing Minds, and Dean LeBaron's Book of Investment Quotations, both published by Wiley, and Ins and Outs of Institutional Investing, published by Nelson-Hall. Donna Carpenter is an accomplished business writer with several books to her name.


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