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Decoder with Nilay Patel

Recode Decode: 'The Billionaire Raj' author James Crabtree

Decoder with Nilay Patel

Vox Media Podcast Network

Business, Technology

4.23.4K Ratings

🗓️ 28 July 2018

⏱️ 46 minutes

🧾️ Download transcript

Summary

Journalist James Crabtree talks with Recode's Kara Swisher about his new book, "The Billionaire Raj: A Journey Through India's New Gilded Age." Crabtree says India's development of a super-rich billionaire class has heightened the country's already-intense problem with inequality. He also talks about why its "fantastic entrepreneurial culture" has not been able to foster a Silicon Valley-esque tech hub and how he weighs the positive impact of technologies like the mobile phone against negatives such as the recent spate of lynchings that some have linked to Facebook-owned messaging app WhatsApp. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hi, I'm Cara Swisher, Editor-at-large of Recode.

0:03.6

You may know me as the author of several books, which are just screenshots of my best tweets,

0:07.8

but in my spare time, I talk tech and you're listening to Recode Decode from the Vox Media

0:11.8

Podcast Network.

0:13.5

Today in the Red Chair is James Crabtree, who has the best name ever.

0:17.1

He has written a new nonfiction book about the world of quote reclusive billionaires,

0:21.5

fugitive tycoons, and shadowy political power brokers, and it's not about America,

0:25.5

it's about India.

0:26.8

The book is called The Billionaire Raj, and it's out now in hardcovered James, welcome

0:31.1

to Recode Decode.

0:32.1

Thanks for having me.

0:33.1

So, let's talk a little bit about the book itself.

0:35.6

But first, how did you get to writing about billionaire Raj's in India?

0:40.0

I loved India.

0:41.0

Give me your little history, your short history.

0:43.6

My little history.

0:44.6

I moved to India in 2011, and I lived there for five years in Mumbai, the financial capital.

0:48.6

I'm a journalist like you, by background.

0:51.0

I used to work for the financial times and various other magazines.

0:53.6

That's a fancy newspaper, I don't understand.

0:55.4

It is a nice pink newspaper.

0:58.0

And so, what I was there, I mean, a lot of foreign correspondence and at writing books

...

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