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From the poisoned rivers, barren wells, and clear-cut forests, to the hundreds of thousands of farmers who have committed suicide to escape punishing debt, to the hundreds of millions of people who live on less than two dollars a day, there are ghosts nearly everywhere you look in India. India is a nation of 1.2 billion, but the country’s 100 richest people own assets equivalent to one-fourth of India’s gross domestic product.
Capitalism: A Ghost Story examines the dark side of democracy in contemporary India, and shows how the demands of globalized capitalism has subjugated billions of people to the highest and most intense forms of racism and exploitation.
- Sales Rank: #63337 in Books
- Published on: 2014-05-06
- Original language: English
- Number of items: 1
- Dimensions: 7.50" h x 5.25" w x .25" l, .30 pounds
- Binding: Paperback
- 128 pages
From Booklist
Courageous and clarion Roy (Walking with the Comrades, 2011) continues her analysis and documentation of the disastrous consequences of unchecked global capitalism. She investigates India’s “Gush Up” capitalism and how it is reinforcing a caste system that benefits the elite while wreaking cruel havoc on the greater population and the country’s invaluable natural resources. Roy reports on collusion between New Delhi and multinational corporations that results in the corruption and dysfunction of local governments and brutal initiatives, disguised as security measures, in which people are forced off their land to make way for highways, airports, dams, mines, and factories. While violence is used against the poor, the middle class is covertly coerced by way of what Roy calls the “exquisite art of Corporate Philanthropy.” She cites eye-opening examples of how the support by well-established international foundations of admirable cultural projects and NGOs also insidiously engenders privatization and the infiltration of grass-roots movements against corporate pillaging. As Roy observes, “The algebra of infinite injustice works in mysterious ways.” Precise and revelatory, Roy gives us an awful lot to think about. --Donna Seaman
Review
Capitalism feels like straight reportage from the front lines of a war. In every part of the world, the rich few keep getting richer on the backs of a population that continues to work harder and grow poorer for it. And Roy keeps sending these furious, intelligent bulletins to alert us to what's going on. More people than ever are listening to her." —The Stranger
Praise for Arundhati Roy's Field Notes on Democracy:
"Gorgeously wrought . . . pitch-perfect prose. . . . In language of terrible beauty, she takes India's everyday tragedies and reminds us to be outraged all over again." —Time
"In her searing account, Roy asks whether our shriveled forms of democracy will be 'the endgame of the human race'—and shows vividly why this is a prospect not to be lightly dismissed." —Noam Chomsky
“The scale of what Roy surveys is staggering. Her pointed indictment is devastating.” —The New York Times Book Review
“An electrifying political essayist... So fluent is her prose, so keen her understanding of global politics, and so resonant her objections to nuclear weapons, assaults against the environment, and the endless suffering of the poor that her essays are as uplifting as they are galvanizing.” —Booklist
About the Author
Arundhati Roy studied architecture in New Delhi, where she now lives. She is the author of the novel The God of Small Things, for which she received the 1997 Booker Prize. The novel has been translated into forty languages worldwide. She has written several non-fiction books, including Field Notes on Democracy: Listening to Grasshoppers and Capitalism: A Ghost Story, published by Haymarket Books.
Most helpful customer reviews
10 of 11 people found the following review helpful.
Infuriating, but entertaining. Polemic, but true. Short, but grand in scope and insight.
By Michael Bohn
With her outstanding ability to craft well-written, witty and biting sentences, and the canny insightfulness of her observations, Arundhati Roy achieves something quite amazing: an easy read that is infuriating, but entertaining, polemic, but true, short, but grand in scope and insight.
I’m not usually one for polemic writing and an anecdotal rather than academic approach to facts, and I’m not crazy about books that are actually collections of essays. Yet in her very own enraged, engaged and witty style, Arundhati Roy manages to bind it all together into one powerful narrative, and expose on less than 100 pages, more – at times surprising – aspects of the insidious nature of global capitalism (and on the threat it poses to our freedom and well-being), than a half dozen much longer academic treatises on the subject combined. While you will learn a lot about politics in what is purportedly the world’s largest democracy – India – the principles at work and the insights gained are universal in nature, so that if you don’t see the relevance of Indian politics to your life, you needn’t worry. This book is relevant! Among many other insights of global importance, it shows what happens if market dynamics and greed are left unchecked by an inadequate and corrupt political system. It shows that many things are not what they seem to be on the surface – and in your daily newscast.
To be sure, it cannot replace genuinely analytic inquiry into the effects of a “free market” system, such as Thomas Piketty undertakes in Capital in the Twenty-First Century, but no matter what your political persuasion, you will most probably walk away from this Ghost Story with a richer understanding of the world we live in and of an economic system that may have many virtues (its emphasis on individual freedom foremost), but that clear-thinking and astute citizens cannot leave without modification, if we wish to see our freedoms preserved – not only nominally and relegated to the make-believe form of consumer choice, but genuine freedom, in all actuality. In the same vein, I also recommend David Graeber, The Democracy Project.
25 of 30 people found the following review helpful.
Does capitalism still generate interest?
By Hande Z
This is Roy's polemic account of the path India has trodden as a result of its fascination with the American way of life, a way that political and corporate leaders of the USA have been selling to the world for decades. The result? Just as in America, the wealth of the nation is held by the smallest of minority - in a nation of 1.2 billion, India's one hundred richest people own assets equivalent to one quarter of the GDP.
In a biting narrative Roy tells about the ills of capitalism and the self-serving policies that keep capitalism growing in smaller and smaller numbers of the nation's population. Her account is as despondent as it is infuriating. She asserts that one should not be fooled by the corporate philanthropy. She illustrates with examples of how corporate foundations from America win over protest groups like the Black Panther in the US and the ANC in South Africa, turning them into moderates who crack down on fundamentalists - effectively doing the job for the corporate organisations.
A less polemical work on the same subject of the unequal wealth is Thomas Piketty's book, 'Capital in the Twenty-First Century'. That book was recently criticized for using inaccurate data, but Paul Krugman published an article in The New York Times defending Piketty's thesis - in fact, Krugman claimed that he (Krugman) warned of the problem in an article he wrote in 1992.
25 of 30 people found the following review helpful.
Important and Searing Book on the Indian Polity
By Romi Mahajan
Arundhati Roy has once again does what she does best- in "Capitalism: A Ghost Story" she tears apart the muscular, fanciful renditions of India that one reads about in the WSJ, Barron's, or the fickle Indian press and tells it like it is- India's polity is riven by divisions along class, caste, gender, language, geographical, and religious divides; moreover, the nexus between big business and big politics (along with an oligopolistic media) has created war-like conditions across vast swaths of the country and, further, has created untenable living conditions for hundreds of millions of Indian citizens.
This book is also about the change public face of India, now interested in embracing power-politics and bigness versus any sense of justice, internally or externally.
Roy is in many ways not only a true progressive but also a foil to India's shrinking "liberal" community who like to profess great decency and erudition while destitution is commonplace right outside their doors.
Roy polarizes- and rightly so. That she herself is under such attack in a country she so clearly loves is a sign of the encroaching illiberalism of a country which once lay claim to a powerful vision (though not reality) of social justice.
Please read this book.
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