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Tuesday, July 1, 2014

The reign of Capital


Yet another book on "Capital"?

Novelist Rana Dasgupta's new work of nonfiction has a punny title, playing on the political and financial significance of the word capital, for the book is both on money and on the presence of new wealth in New Delhi, the capital city of India.

According to the New Yorker Magazine:
In the interviews with rich young Indians that make up much of the unsparing portrait of moneyed Delhi, no telling detail seems to escape Dasgupta's notice. His novelistic talents are matched by his skill at eliciting astonishing candor from his subjects. The best passages are incisive summaries of the human and environmental costs of the elite's wealth and privilege and his persuasive predictions of crises yet to come. Dasgupta constantly seeks to upend conventional wisdom about Delhi, the murky circulation of its money, and the roots of its periodic outbursts of violence, making this one of the most worthwhile in a strong field of recent books about India's free-market revolution and its unintended dire consequences.

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