Capitalism: A Ghost Story
Capitalism is fairly universal in its practices allowing for some differences. The overarching goal is to satiate what one economist called its “werewolf hunger” for profits. The tar sands project in northern Alberta, the most environmentally destructive operation on earth, is proceeding apace, because it is a money-making bonanza. There is a telling cartoon in The New Yorker. A CEO of a major corporation is meeting with stockholders who are keen to hear about new dividends. He tells them, While long-term prospects for the planet are grim indeed with widespread misery, hunger, and wars, in the short term there are excellent opportunities for us to make more money. That sums up the corporate mindset. India has its own brand of rapacious capitalism. While hundreds of millions live in dire poverty a class of gazillionaires has emerged with maharaja-like conspicuous consumption.
Recorded at Princeton University.
Arundhati Roy is a world-renowned writer and global justice activist. The New York Times calls her, “India’s most impassioned critic of globalization and American influence.” Among her many honors are the Lannan Foundation’s Cultural Freedom Award and the Sydney Peace Prize. She is the author of many books including The God of Small Things, The Checkbook & the Cruise Missile, Field Notes on Democracy, Walking with the Comrades, Capitalism A Ghost Story and The Ministry of Utmost Happiness.