A firsthand account of the free-market transformations in Russia and China This is an intimate account of one capitalist explorer during the great economic transformation of Russia and China from state-controlled to global free-market economies. "Mao, Marx and the Market" captures the suspicions and friendships, the opportunities and fumbles, and the basic lessons and glorious technologies of these superpowers.
'This is the fascinating story of Dean LeBaron in his quest to participate right from the start in the opening of China and Russia following the demise of their socialist/ communist regimes. It is the best account of what happened in the emerging market world in the nineties.' ÑMarc Faber, Editor, The Gloom Boom & Doom Report, Managing Director, Marc Faber Limited 'Adventure capitalist Dean LeBaron is the Indiana Jones of finance. Follow his escapades in emerging markets and get an insiders view of the birth of capitalism in Russia and China. Youll be amused, entertained, and instructed. Mao, Marx & the Market provides a fascinating insiders view of the creation of market economies with all their attendant travails. A must read.' ÑBill Miller, CFA, Chief Executive Officer, Legg Mason Funds Management, Inc. 'This is a gripping tale from start to finish, an extraordinary adventure told by a brilliant and idealistic businessman confronted by political disloyalty and chicanery on an epic scale. LeBaron tells his story with a punch, but his basic instincts of morality and decency shine throughout.' ÑPeter L. Bernstein, President, Peter L. Bernstein, Inc., author of The Power of Gold: The History of an Obsession 'An insight-packed thriller summarizing a brilliant contrarian investors adventures in the two great dramas of our eraRussia and China; chock-full of pithy lessons relevant for investors and observers alike.' ÑGraham Allison, Director, Robert and Renee Belfer Center for Science and International Affairs, John F. Kennedy School of Government, Harvard University 'Dean LeBarons book on his adventures in Russia and China is a fun read. I recommend it to anyone taking their firstor second or thirdvisit to either country for business or pleasure. LeBaron brings out the personal warmth of these countries in terms of their individuals, as well as the obvious complexities of dealing with them.' ÑDavid Gill, Board Member of several companies involved with Russia, Retired International Finance Corporation Official
Acknowledgements Introduction RUSSIA The Russians Are Coming From Marx to McDonald's Soviet-Style Fish Chowder Swords Into Plowshares, Inc The Right Stuff Russia's Wrong Stuff Eureka! Coups CHINA The Fith Dragon A New Leap Forward The Cat Changes Color Flowers on an Iron Tree The Best Doctor Year of the Monkey A NEW ORDER IN THE MAKING Lines on the Horizon Index
About Dean LeBaron and Donna Carpenter
DEAN LEBARON is an investment futurist. He founded Batterymarch Financial Management in 1969 and led the firm's pioneering advances in the mid--1970s in the application of computer technology and modeling techniques, first in the U.S. market and then in international and emerging markets. He is recognized as one of the first foreign entrants in the nascent securities markets of Brazil, India, Russia, and China.DONNA CARPENTER is an accomplished and skilled business writer with several books to her name, including The Fall of the House of Hutton and Price Waterhouse Book of Personal Financial Planning.