In comparing economic psychology in post-Mao ("late socialist") China and in the ("late capitalist") USA, one might predict the following: that the Chinese (in spite of the arrival of capitalism) would remain collectivists, obsessed with kinship, networks, social relations and guanxi, whereas the Americans (prototypical capitalists) would be individualists, tending - in economic life as in everything else - towards autonomy, self-reliance, etc. Based on a pilot project in Oklahoma and Heilongjiang, and drawing especially on oral histories, this paper explores these predictions. I find, among other things, that economic life and economic psychology in late capitalist Oklahoma is, in fact, strongly shaped by various forms of "collectivism", and also strongly influenced by religious/spiritual considerations.