Author(s): Arundhati Roy
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. The rest of the population are ghosts within a system beyond their control. This includes the millions that live on less than $2 a day; or the hundreds of thousands of farmers who commit suicide, unable to escape ruinous debts; where dalits are driven from their villages because the owners want to turn the land to agribusiness. These are examples of a 'gush up' economy that has corrupted contemporary India. Capitalism: A Ghost Story examines the dark side of democracy, and shows how the demands of globalized capitalism has subjugated billions of people to racism and exploitation. It is a ferocious attack on the mega corporations that treat India's natural resources like robber barons, and how they have been able to influence every part of the nation from the government to the army in the rush for profit. But, as Arundhati Roy passionately argues, capitalism is in crisis. The cracks are starting to show in its facade.
Arundhati Roy was born in 1959 in Shillong, India. She 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 and has written several non-fiction books including Field Notes on Democracy: Listening to Grasshoppers, and Walking with the Comrades. She is a contributor to the Verso anthology Kashmir: The Case for Freedom. Roy is the recipient of the 2002 Lannan Foundation Cultural Freedom Prize.