Capitalism, Inequality, and Delhi's Transformation
Tuesday, June 24, 2014
The boom following the opening up of India’s economy pulled Delhi into the chaos of destruction and creation: slums and markets were torn down to make way for shopping malls and apartment blocks. The transformation was abrupt and unequal, and it sparked both ambition and rage in Delhi. Rana Dasgupta examines the expansion of the global elite and the extraordinary transmogrification of India’s capital, His book Capital: The Eruption of Delhi is an intimate portrait of the city of Delhi and offers a glimpse of what capitalism will become in the coming, post-Western world.