Capitalism: A Ghost Story | Arundhati RoyQuicklink submitted by Rob Kall Permalink
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|As Gush-Up concentrates wealth on to the tip of a shining pin on which our billionaires pirouette, tidal waves of money crash through the institutions of democracy--the courts, Parliament as well as the media, seriously compromising their ability to function in the ways they are meant to. The noisier the carnival around elections, the less sure we are that democracy really exists. Roy goes into great length discussing the nefarious aspects of corporate funding non-profit foundations and the like: corporate philanthropy has turned out to be the most visionary business of all time. Corporate-endowed foundations administer, trade and channelise their power and place their chessmen on the chessboard, through a system of elite clubs and think-tanks, whose members overlap and move in and out through the revolving doors.|
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