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Capitalism: A Ghost Story

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Arundhati Roy's 'Capitalism: A Ghost Story' delves into the insidious nature of capitalism, highlighting how money is used by the elite to control the world. The book explores the impact of capitalism on India, focusing on poverty and political hypocrisy, while also drawing parallels to global dynamics. Roy's writing style is described as charismatic, engaging, and masterly polemic, presenting a trenchant argument against corporate philanthropy and the non-profit industrial complex. Through specific examples and analysis, the book sheds light on the injustices perpetuated by capitalism and challenges readers to question the status quo.

Writing/Prose:

The writing style is characterized by passionate and well-structured arguments, with a mix of analytical and moralistic tones that engages the reader.

Plot/Storyline:

The story critiques capitalism, particularly in India, and examines how governmental actions and multinational interests affect the lives of the marginalized.

Setting:

The setting is primarily in India but extends to a global context, reflecting on capitalism's effects in various political environments.

Pacing:

The pacing is concise, with a focused and engaging main essay that alternates between personal anecdotes and broader societal issues.
Is it a house or a home? A temple to the new India or a warehouse for its ghosts? Ever since Antilla arrived on Altamount Road in Mumbai, exuding mystery and quiet menace, things have not been the sam...

Notes:

The book is subtitled 'A Ghost Story' reflecting the idea that the poor have been neglected or 'ghosted'.
It discusses the implications of good governance as envisioned by Bretton Woods.
Roy warns about digitalization leading to the Enclosure of the Commons and creating a surveillance state.
Criticism is directed toward the treatment of those resisting privatization as Maoists or jihadis.
Roy highlights the ongoing issues of a zombie economy and investment paralysis in India as of 2014.
Roy criticizes the Left for reinforcing identity politics, aligning with NGO agendas that may stagnate progress.
The book likens modern capitalism in Asia to historical enclosures of common land in Britain.
Roy believes the issues stem from a global level and questions how to stop harmful development.
The afterword calls for ending privatized natural resources and ensuring universal rights to basic needs.
Chapter 1 critiques corporate charity and the role of NGOs in suppressing dissent and misdirecting movements globally.
Many agree that Roy’s analysis is vital and highlights the challenges faced by marginalized populations.
The book ties the flaws of democracy in India to capitalist influences, including the US.
Roy names major corporations and their ties to issues of social justice, demonstrating vast interconnectedness in modern capitalism.
Despite its focus on India, the themes resonate globally, shedding light on hypocrisy in politics everywhere.

Sensitive Topics/Content Warnings

The book contains high content warnings for discussions of poverty, violence, state oppression, and economic exploitation.

From The Publisher:

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.

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